A company uses a particular product for its operations. The yearly usage is about 2162 units per yea

A company uses a particular product for its operations. The yearly usage is about 2162 units per year. The company buys the product from a supplier for $65 per unit. The cost to place an order and process a shipment from the supplier is estimated to be $30. The order lead time is 7 working days. The unit holding cost per year is 20% of the unit purchase cost. The company operates 250 days a year Assume that EOQ model is appropriate for this problem What is the annual purchase cost? Answer