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Portage Company Made the Following Inventory Purchases During the Year

Question 25

Multiple Choice

Portage Company made the following inventory purchases during the year: Portage Company made the following inventory purchases during the year: If Portage Company's cost of capital is 14%, what is the amount of its holding costs for the year? A) $0 B) $8,610 C) $17,220 D) $21,000 If Portage Company's cost of capital is 14%, what is the amount of its holding costs for the year?


A) $0
B) $8,610
C) $17,220
D) $21,000

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