Question: The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item ents 1 n hs 2345
The following table contains data about the inventory for five items and its unit cost at Jones Corporation. Item ents 1 n hs 2345 Average Unit Inventory Unit Cost 185,000 $30.00 90,000 120,000 385,000 94,000 $70.00 $12.00 $26.00 $11.00 25 Suppose Jones Corporation determined that its annual inventory carrying cost = 16 percent. Compute the dollar values for the information in the above table, determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. (Omit the "$" sign in your response.) Item 1 Item 2 Item 3 Item 4 Item 5 Inventory Carrying Cost $ I A A $ $ Total annual inventory carrying cost $
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