Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item # 1 2 3 4 5

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 4 5 Average Unit Inventory 315,000 68,000 109,000 365,000 73,000 Unit Cost $19.00 $55.00 $ 7.00 $14.00 $ 1.00 Suppose Jones Corporation determined that its annual inventory carrying cost = 15 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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