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Rate of use of a particular building material from stores is 30 units per year. The cost of each unit is Rs. 120, Cost of carrying inventory is 18% per year. It depends on the average stock. Cost of placing & receiving an order is Rs. 50. The annual inventory carrying cost per unit will be
1
Rs. 36.20
2
Rs. 80.70
3
Rs. 26.80
4
Rs. 21.60