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Additional Algo 12-1 Holding/Ordering Costs A firm purchases and resells widgets. Holding one widget in inventory for one year costs the firm $7. The
Additional Algo 12-1 Holding/Ordering Costs A firm purchases and resells widgets. Holding one widget in inventory for one year costs the firm $7. The firm purchases widgets in lots of 24. Demand for widgets is 7 per week. Each time the firm orders widgets from the supplier, there is a charge of $14 for transportation. What is the total transportation cost incurred by the firm over one year (52 weeks)? Note: Round your answer to 2 decimal places. Transportation each year i
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