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Additional Algo 1 1 - 6 Holding Cost per Unit A company usually holds 2 2 0 pounds of wax in its warehouse. The company

Additional Algo 11-6 Holding Cost per Unit
A company usually holds 220 pounds of wax in its warehouse. The company uses 51 pounds of wax per day and it takes 3 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.64 per pound per day.
What is the company's average holding cost (per pound for wax)?
Note: Round your answer to 2 decimal places.
Average holding cost per unit
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