Fashion Clothier's economic order quantity (EOQ) for dyes is 14,000 units. If the total demand is 196,000 units per period, carrying cost per unit is 25% of inventory value, purchase price is $10, and fixed costs per order is $30, then the total inventory cost is_____.
A) $18,280
B) $23,250
C) $14,750
D) $13,000
E) $17,920
Correct Answer:
Verified
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