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Firm I in Flagstaff bakes fresh hot muffins for many coffee shops in northern Arizona. Firm I uses 100,000 lbs of organic non-gmo corn flour
Firm I in Flagstaff bakes fresh hot muffins for many coffee shops in northern Arizona. Firm I uses 100,000 lbs of organic non-gmo corn flour per year and pays a whole sale price of $2.4 per pound to its suppliers. The shipping takes negligible amount of time but costs $360 each time. The carrying cost for Firm I is 40% of the corn flour's purchase price. Question: What are the total inventory costs if Firm orders 9,000 lbs of this organic non-gmo corn flour each time? Round your answer to an in
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