Determine the carrying costs for an item costing $6.80, given the following per-unit cost information: Storage cost

Question:

Determine the carrying costs for an item costing $6.80, given the following per-unit cost information:
Storage cost .............. $0.24
Handling cost............. 0.28
Production labor cost .......... 1.70
Insurance cost ............ . 0.44
Opportunity cost ........... 8% of investment