Ready Tees, an on line retailer of t-shirts, orders 100,000 t-shirts per year from it’s manufacturer. Ready Tees plans on ordering t-shirts 12 times…

Ready Tees, an on line retailer of t-shirts, orders 100,000 t-shirts per year from it’s manufacturer. Ready Tees plans on ordering t-shirts 12 times over the next year. Ready Tees receives the same number of t-shirts each time it orders. The carrying cost is $0.10 per shirt per year. The order cost is $500 per order. What is the annual ordering cost of the t-shirt inventory(rounded to the nearest dollar)?

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