Author Question: Last week, a toy manufacturer made the following toys and sold them to a department store at the ... (Read 108 times)

mynx · **on:** Jun 24, 2018

Last week, a toy manufacturer made the following toys and sold them to a department store at the following prices: 144 dolls at 8 each, 72 drums at 3 each, and 288 train sets at 35 each. The toy manufacturer paid a total of 6,228 for rent, materials, and labor. Compute the amount the toy manufacturer had left after paying all expenses.

Question 2

PQI Quality, Inc takes inventory semiannually and bases inventory on selling price. Beginning inventory for the year was 90,800 . Inventory at the end of the first six months was 108,000 . Ending inventory for the year was 97,600 . Net sales for the year equal 357,740 . Compute the inventory turnover at retail.