Question: The following table contains data about the inventory for five Items and its unit cost at Jones Corporation Iten 1 Average Unit Inventory 305,000 67,000

The following table contains data about the inventory for five Items and its unit cost at Jones Corporation Iten 1 Average Unit Inventory 305,000 67,000 108,00 355,000 72,000 3 Unit Cost $18.00 354.00 16.00 $12.00 $ 2.00 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 teen Anul Inventory Carrying Cost 1 2 3 4 5 Total 5

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