A review of the inventories of Cedar Grove Company shows the following cost data for entertainment centers.
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Question:
Invoice price $400.00 per unit
Freight and insurance on shipment 20.00 per unit
Insurance on inventory 15.00 per unit
Unloading 140.00 per order
Cost of placing orders 10.00 per order
Cost of capital 25
What are the total carrying costs of inventory for an entertainment center?
$105
$115
$120
$420
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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