Johnson Company Had Beginning Inventory of $1,000,000 and Ending Inventory

question 30

Multiple Choice

Johnson Company had beginning inventory of $1,000,000 and ending inventory of $1,200,000. Johnson has determined inventory carrying cost to be 25 percent. Johnson's inventory carrying cost was:

• A)$250,000.
• B)$275,000.
• C)$300,000.
• D)None of these.

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