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Given the following percentage costs of carrying inventory, calculate the annual carrying cost if at the beginning of the year inventory was US$2 million and

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Given the following percentage costs of carrying inventory, calculate the annual carrying cost if at the beginning of the year inventory was US$2 million and at the end of the year ending inventory was US$4 million, inventory accuracy is 15%, capital costs are 5%, storage costs are 2%, and risk costs are 3%. $300,000 $230,000 $200,000 $750,000

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