finished goods inventory= 278,963 cases
average production cost per case= $4.326
rate of interest= 6.85% per year
warehouse cost per month: utilities $5900, labor $12,320
insurance= $4966 per year
damage factor= $.0965 per case per year
(work in whole dollars):
1) What is the FG inventory carrying cost for 1 month?
2) what is the inventory carrying cost per case for 1 month?
3) what is the cost of carrying the entire FG inventory for 1 year?