What is the inventory holding cost for bicycle seat

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Reference no: EM132148696

A bicycle manufacturer purchases bicycle seats from an outside supplier for $20 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? (Round your answer to 2 decimal places.)

Reference no: EM132148696

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