What will be the approximate total shipping

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Reference no: EM131919092

Question: Bill's glass store needs to ship an order of five chandeliers to a builder about 1,000 miles away. The chandeliers cost about $5,000 each, and Bill will be paid upon delivery. Bill plans to ship the order by truck at a cost of $250. The delivery will take five days. Bill uses a 20 percent annual inventory carrying charge with an operating schedule of 360 days per year. What will be the approximate total shipping and transit inventory cost of the shipment?

Reference no: EM131919092

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