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Author Question: Rubber washers are sold for 37.5 cents per dozen, wholesale. Compute the amount that will be charged ... (Read 205 times)

crobinson2013

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on: Jun 24, 2018
Rubber washers are sold for 37.5 cents per dozen, wholesale. Compute the amount that will be charged for 480 dozen washers. (Round to the nearest dollar.)

Question 2

Special Sports Store, which uses the FIFO method of valuing inventory, has 60 tennis rackets remaining in inventory. Special purchased tennis rackets over a three-month period as follows: 36 purchased at 15 on January 3, 48 purchased at 15.50 on February 5, and 24 purchased at 16 on March 7 . Compute the value of the ending inventory of tennis rackets at FIFO cost.


tofugiraffe

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Reply #1 on: Jun 24, 2018
Answer to Question 1

480  37.5 cents = 480  0.375 = 180

Answer to Question 2

942


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