Abc company sells 3531 chairs a year at an average price, Finance Basics

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Abc company sells 3531 chairs a year at an average price

Question: ABC Company sells 3,531 chairs a year at an average price per chair of $157. The carrying cost per unit is $30.42. The company orders 591 chairs at a time and has a fixed order cost of $120.6 per order. The chairs are sold out before they are restocked. What are the total carrying costs? Enter your answer rounded off to two decimal points.

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