Ace Hardware's economic order quantity (EOQ) is 100 widgets, its total demand is 20,000 units per period, its carrying cost per unit is 20% of inventory value, its purchase price $4, and its fixed costs per order is $20. Which of the following is the total inventory cost of Ace??
A. $1,250?
B. ?$3,250
C. ?$1,750
D. ?$2,000
E. ?$4,040
Answer: E
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