Question
Question 25 ICMA 10.P2.164-ADAPTED - Inventory Management A review of the inventories of Cedar Grove Company shows the following cost data for entertainment centers.
Question 25 ICMA 10.P2.164-ADAPTED - Inventory Management A review of the inventories of Cedar Grove Company shows the following cost data for entertainment centers. Invoice price $380.00 per unit I Freight and insurance on shipment Insurance on inventory Unloading Cost of placing orders Cost of capital 20.00 per unit 15.00 per unit 140.00 per order 10.00 per order 9% per annum On average, an entertainment center remains in inventory for one month before it is sold. What are the total carrying costs of inventory for an entertainment center? A. $49.20. B. $18.00 C. $400.00. D. $17.85.
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