Question: Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money borrowed for inv. = 5.875% Warehouse

Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money borrowed for inv. = 5.875% Warehouse costs per month = $30,000 Insurance costs = $3600 per year Damage factor per year, per unit = $.168 What is the total cost to carry this inventory for one year? Round to whole dollars. What is the ICC per unit for one month? Use 3 decimals

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