Given the data in the table below, the % carrying cost of inventory is:

Number of units 9,000

Value of inventory $5.00 per unit Costs

Inbound freight to DC $500.00 per year

Warehouse labor $0.15 per unit received per year

Storage $0.75 per sq. ft. x 20 sq. ft. x 12 months

Insurance $0.01 per unit per year Interest 5% of the value of the goods

Taxes $5 per $100 value @ 20%

Loss and Damage (including pilferage) 2% per year x Value of goods

Obsolescence 1% per year x Value of goods