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Author Question: An automobile repair facility recently purchased a 200-foot roll of flexible plastic tubing for ... (Read 85 times)

Mr3Hunna

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on: Jun 24, 2018
An automobile repair facility recently purchased a 200-foot roll of flexible plastic tubing for 48.25 . Compute the cost in cents per foot. (Round to the nearest cent.)

Question 2

A small-appliance merchant using the LIFO method of valuing inventory has 60 toasters remaining in inventory. The merchant purchased toasters over a three-month period as follows: 30 purchased at 7.80 on April 1, 50 purchased at 7.70 on May 1, and 20 purchased at 7.80 on June 1 . Compute the value of the ending inventory of toasters at LIFO cost.


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Koolkid240

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

48.25  200 feet = 0.24125, or 24 cents per foot

Answer to Question 2

465


Mr3Hunna

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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