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LEE is attempting to perform an inventory analysis on one of the most popular products. The annual demand for this product is 5 , 0

LEE is attempting to perform an inventory analysis on one of the most popular products. The annual demand for this product is 5,000 units; the unit cost is $150; the carrying cost is considered to be approximately 20% of the unit price. Ordering costs for the company typically run nearly $50 per order and lead time averages 10 days. (Assume 250 working days during the year)
What is the total inventory costs per year (i.e., total ordering costs + total carrying costs)? Find the nearest value.

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