Sam’s Furniture Store sells living room furniture’s in the city of Bridgewater. For a particular bookshelf, the holding cost is 16% per year. The company sells it for $75 and makes a profit of $25 on each bookshelf. The annual inventory turns are 9.5. The shipping cost is $450 each time Sam purchases from the manufacturer. What is the average cost to hold the bookshelf in inventory (in $) for Sam?

Answer rating: 100% (QA)

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