Business, 09.11.2019 01:31 lavelma2011

Southern hydraulic supply is undertaking a review of their inventory policies. a typical product is a small hydraulic fitting. currently, southern orders 1,000 of these fittings at a time from their supplier. the demand for the fittings is 52,000 per year, the ordering cost is $50 per order, and the cost to hold one fitting in inventory for one year is $1.25. each unit costs $8. what is the total annual cost of southern’s current inventory policy? group of answer choices $2039 $300,000 $418,550 $419,225

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Southern hydraulic supply is undertaking a review of their inventory policies. a typical product is...

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