Lazy Ire Co. carries an annual average inventory of 5,260,000 units with an inventory turnover of 3 months. The per-unit annual carrying cost for inventory is $0.02. What is the firm's total carrying cost for the year? $ 105,200.00 O $639,936.00 O$263,000.00 O $410,395.00 $1,250,000.00

Lazy Ire Co. carries an annual average inventory of 5,260,000 units with an inventory turnover of 3 months. The per-unit annual carrying cost for inventory is $0.02. What is the firm's total carrying cost for the year? $ 105,200.00 O $639,936.00 O$263,000.00 O $410,395.00 $1,250,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Lazy Ire Co. carries an annual average inventory of 5,260,000 units with an inventory turnover of 3
months. The per-unit annual carrying cost for inventory is $0.02. What is the firm's total carrying
cost for the year?
$ 105,200.00
$639.936.00
O$263,000.00
$410,395.00
$1,250,000.0

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