Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation Item Average Unit Inventory Unit cost 1

The following table contains data about the inventory for five items and its unit cost at Jones Corporation Item Average Unit Inventory Unit cost 1 215.000 $22 2 58,000 $57 3 99.000 55 4 265.000 $10 5 63.000 $1 Suppose Jones Corporation determined that its annual inventory carrying cost - 20 percent. Compute the dollar values for the information in the above table. determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. itema Annual Inventory Carrying Cost 1 $ 2 -5 3 $ $ 4 5 =S Total -5

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