Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation. 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.

The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item # 1 2 Average Unit Inventory 325, eee 69, eee 110,000 375, eee 74,000 Unit Cost $20.00 $56.00 $ 4.00 $ 8.00 $ 2.00 3 4 5 Suppose Jones Corporation determined that its annual Inventory carrying cost = 18 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 s 0

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