What is the inventory holding cost for a bicycle seat

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Reference no: EM131718564

A bicycle manufacturer purchases bicycle seats from an outside supplier for $22 each. The manufacturer’s inventory of seats turns over 1.2 times per month, and the manufacturer has an annual inventory holding cost of 32%.

What is the inventory holding cost (in $) for a bicycle seat?

____ per seat

Reference no: EM131718564

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