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Author Question: Swenson Glass had cost of goods sold for the year of 6,240,000. The beginning inventory at cost was ... (Read 139 times)

ETearle

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on: Jun 24, 2018
Swenson Glass had cost of goods sold for the year of 6,240,000. The beginning inventory at cost was 586,300 and the ending inventory at cost amounted to 492,900. a. What was the average inventory for the year? b. What was the actual inventory turnover rate at cost for the company? (Round your answer to the nearest tenth)

Question 2

Easy Patterns Fabric buys merchandise with a list price of 9,500. Use the net price, complement method to find the net price if the wholesaler offers trade discounts of 25/10/5. (Round to the nearest penny)
 A) 6,900.35
  B) 5,622.03
  C) 4,700.05
  D) 6,091.88


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Laurenleakan

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

a. 539,600
b. 11.6 times

Answer to Question 2

D


ETearle

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Reply 2 on: Jun 24, 2018
Excellent

jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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