. Charlies Bikes Co. has the following actual cost and production information available from the past 5 years:

Inventory Costs Units Produced

Year 1 $24,105 600

Year 2 $29,410 800

Year 3 $26,535 500

Year 4 $30,750 1,100

Year 5 $28,180 1,200

Tim has asked you to estimate the amount of holding costs to expect at the budgeted production level of 900 units.

Given the limited data, use the High-Low method.