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Given the following data for a particular inventory item: Demand: 500 units per month Ordering Cost: $30 per order Holding Cost: $1 per unit per

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Given the following data for a particular inventory item: Demand: 500 units per month Ordering Cost: $30 per order Holding Cost: $1 per unit per year Lead Time: 1.5 months Price: $7.99 per unit 360 working days in a year For the economic order quantity, what is the total annual holding cost? $280 $250 O $300 $50 $87

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