Arconic has $2,284 (million) worth of inventory and their COGS are $9,332 (million). The average cost of each of their units is $75.3 and their holding cost is 29%. What is the average inventory cost per unit for Arconic?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Arconic has $2,284 (million) worth of inventory and their COGS are $9,332 (million). The average cost of each of their units is $75.3
and their holding cost is 29%. What is the average inventory cost per unit for Arconic?
Transcribed Image Text:Arconic has $2,284 (million) worth of inventory and their COGS are $9,332 (million). The average cost of each of their units is $75.3 and their holding cost is 29%. What is the average inventory cost per unit for Arconic?
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