Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Average Item Unit) Unit # cost 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. Average Item Unit) Unit # cost Inventory 1 215,000 $22 2 58,000 $57 3 99,000 $5 4 265,000 $10 5 63,000 $1 Suppose Jones Corporation determined that its annual inventory carrying cost = 20 percent. Compute the dollar values for the information in the above table, determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. Item Annual Inventory # Carrying Cost =$ 1 =$ 2 3 = $ 4 $ 5 $ Total

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