Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item 1 2 3 Average Unit Inventory

The following table contains data about the

The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item 1 2 3 Average Unit Inventory 185,000 90,000 120,000 385,000 94,000 Unit Cost $30.00 $70.00 $12.00 $26.00 $11.00 4 5 Suppose Jones Corporation determined that its annual inventory carrying cost = 16 percent. Compute the dollar values for the information in the above table, determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. (Omit the "$" sign in your response.) Inventory Carrying Cost Item 1 $ $ Item 2 $ Item 3 $ Item 4 $ Item 5 $ Total annual inventory carrying cost $

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