The following data refer to various annual costs relating to the inventory of a single-product...
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Accounting
The following data refer to various annual costs relating to the inventory of a single-product company that requires 10,000 units per year:
|
| Cost per unit |
| Order cost | $.05 |
| Transportation-in on purchases | $.18 |
| Storage | $.16 |
| Insurance | $.10
|
|
| Total per year |
| Interest that could have been earned on alternate investment of funds | $800 |
What is the annual carrying cost per unit?
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