Use the information provided below to calculate the total cost of carrying the average inventory. I
Savell Wholesalers sells 3 600 toasters per year and orders inventory 18 times a year. The toasters are imported at a cost of R300 each. The cost of capital is 15%. The firm incurs storage costs of R2 160, inventory insurance costs of R1 440 and carriage on sales of R2 000 per year.