Allianz Company produces a specialty wood furniture product and has the following information available concerning its inventory items

Relevant ordering costs per purchase order $450

Relevant carrying costs per year for each package:

Required annual return on investment 15% and Required other carrying cost per year $4 per package.

Annual demand is 30,000 packages per year. The purchase price per package is $48.

What are the relevant total cost at the economic order quality?