Margin corresponds to the retailers average margin

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Reference no: EM131433136

Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $19,146,975in inventory.

Inventory cost at Tech Co. is 39 percent per year. What is the per unit inventory cost ($) for an MP3 player sold at $48? Assume that the margin corresponds to the retailer’s average margin.

Reference no: EM131433136

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