What is the carrying cost of inventory

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Reference no: EM131659587

An appliance repair company carries a $41,000 annual parts inventory. The company pays 8.2% interest on 50% of the inventory and a 0.4% personal property tax on the inventory’s full annual value. The annual cost of storage and insurance is $2,665. What is the carrying cost of inventory per $1 of inventory?

Reference no: EM131659587

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