A produce distributor uses 782 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of...

A produce distributor uses 782 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 31 percent of the purchase price per crate. Ordering costs are $30. Currently the manager orders once a month.