Monika's sells an average of 640 frying pans a year. The carrying cost per unit is $1.10. The inventory is restocked only when it is depleted. The restocked inventory level is 40 pans. What are the total carrying costs of the frying pans?
A) $16.00
B) $17.60
C) $22.00
D) $40.00
E) $44.00
Correct Answer:
Verified
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