The inventory carry cost means the sum of all expenses related to storing unsold goods. The inventory carry cost also says the price of owning, storing, and holding the items in stock.
The inventory carry cost is the value that a business spends on keeping inventory over a period of time. Carrying costs are the kind of price a business pays for keeping inventory in stock. Examples of carrying costs consist warehouse storage fees, taxes, insurance, employee costs, and opportunity costs.
To determine the inventory carrying cost, divide the sum amount of inventory holding by the sum number of inventory, and multiply by 100 to convert the result into a percentage of total inventory value. The sum value of your inventory means the costs of inventory multiplied by the available stock.
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