Question: Please explain how the answer is found and work out the problem please. 14.1. A company normally ships to a customer by rail at a

Please explain how the answer is found and work out the problem please.

14.1. A company normally ships to a customer by rail at a cost of $400 per load. The transit time is 15 days. The goods can be shipped by truck for $700 per load and a transit time of four days. If transit inventory cost is $36 per day, what does it cost to ship each way? ANSWER. Rail, \$940; truck, \$844

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