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A large catalog retailer of fashion apparel reported $110190473 in revenues over the last year. On overage, over the same year, the company had $5987309 worth of inventory in their warehouses. Assume that units in inventory are valued based on cost of goods sold (CGS) and that the retailer has a 51 percent markup on all products. The company uses a 42 percent per year cost of inventory. What is the inventory cost per unit cycle for $34 (COGS) item?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92176670

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