To calculate the standard storage charges in the warehouse for the pharmaceutical product, we need to follow these steps:

Calculate the volume of the product in cubic meters (cbm):
 Convert the dimensions from centimeters to meters:
 Length = 120 cm = 1.2 m
 Width = 110 cm = 1.1 m
 Height = 140 cm = 1.4 m
 Volume (cbm) = Length × Width × Height
 Volume = 1.2 m × 1.1 m × 1.4 m
 Convert the dimensions from centimeters to meters:

Calculate the storage charges:
 Cost per cbm = 1 Bahraini Dinar
 Total storage charges = Volume (cbm) × Cost per cbm
Let's perform the calculations.
Step 1: Calculate the Volume
[ \text{Volume} = 1.2 , \text{m} \times 1.1 , \text{m} \times 1.4 , \text{m} = 1.848 , \text{cbm} ]
Step 2: Calculate the Storage Charges
[ \text{Total Storage Charges} = 1.848 , \text{cbm} \times 1 , \text{Bahraini Dinar} = 1.848 , \text{Bahraini Dinars} ]
Conclusion
The standard storage charges in the warehouse for the pharmaceutical product would be approximately 1.85 Bahraini Dinars (rounded to two decimal places).