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Alumina Ltd. produces a specialty aluminum product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order $470 Relevant

Alumina Ltd. produces a specialty aluminum product, and has the following information available concerning its inventory items:

Relevant ordering costs per purchase order $470

Relevant carrying costs per year for each package:

Required annual return on investment 13%

Required other costs per year $5

Annual demand is 33,000 packages per year. The purchase price per package is $49.

What are the relevant total costs at the economic order quantity?

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