ABC Co. has an average inventory of 750. The carrying cost per item is 1.25, the ordering cost is $18 per order, and they make 28 orders per year. What is the total carrying cost for ABC Co?
A) $504
B) $937.50
C) $1,166.67
D) $844.50
E) $492.65
B
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Indicate whether the statement is true or false
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