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Dr. Alexandra, owner of the Skincare Store, is reviewing the costs associated with the store's best-selling wrinkle cream, the Wrinkle Releaser 2000. The data available
Dr. Alexandra, owner of the Skincare Store, is reviewing the costs associated with the store's best-selling wrinkle cream, the Wrinkle Releaser 2000. The data available to Dr. Alexandra concerning this product is as follows. Item cost = $800/unit Demand = 118 units/week Order cost = $107/order Holding cost = $11/unit/year The Skincare Superstore operates 46 weeks a year If Dr. Alexandra decides to order in lot sizes of 1000 units, the total annual inventory cost (annual ordering cost and annual holding cost) is $____________ (enter response round to 2 decimal places)
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