CALCULATING INVENTORY CARRYING CHARGESPROBLEM 2 Using the following data, calculate (1) the total inventory carrying charge and (2) the per unit inventory carrying charge for inventory that is used during normal production: - 264,000 units are used each year - The per unit cost is $5.75 - Assume demand occurs at a steady rate throughout the year - Inventory is received at the start of each month and used throughout the month until it reaches zero at the end of the month - Inventory carrying charge is 21% annually - The average inventory method is used: ((BI+EI)/2)= Average inventory for a period Total carrying charges for this item: Per unit carrying charge for this item