The flowering vine buys hanging plants for 2 each and, Financial Management

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The flowering vine buys hanging plants for 2 each and

The Flowering Vine buys hanging plants for $2 each and resells them for $8.95 each. The firm sells 3,500 plants per year. Generally, the firm orders 400 plants at a time and has a fixed cost per order of $28. The carrying cost per unit is $1.16. To avoid newer plants mixing with older plants, the inventory is totally sold out before it is restocked. The total annual carrying cost is ____ and the total annual restocking cost is _____.

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Financial Management: The flowering vine buys hanging plants for 2 each and

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