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XYZ is a retailer and sells 194,000 units per year. It purchases from a single supplier. Fixed cost per order is $985 and carrying cost

XYZ is a retailer and sells 194,000 units per year. It purchases from a single supplier. Fixed cost per order is $985 and carrying cost is $14 per unit. Suppose XYZ orders 7,000 units per order from the supplier. What are the total costs (sum of carrying costs and shortage costs)?

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