Author Question: Dave Miles earns 10.60 per hour working in a restaurant on weekdays. If Dave works at least 30 hours ... (Read 178 times)

B · **on:** Jun 24, 2018

Dave Miles earns 10.60 per hour working in a restaurant on weekdays. If Dave works at least 30 hours during the week on weekdays, then he earns 15.90 per hour on the following Saturday. How much would Dave earn during a week in which he worked 36.25 hours during a week and 7.5 additional hours on the following Saturday? (Round to the nearest cent.)

Question 2

Toddlers' Toyland, which uses the LIFO method of valuing inventory, has 80 brown bears remaining in inventory. Toddlers' purchased brown bears over a three-month period as follows: 72 purchased at 3.50 on October 7, 84 purchased at 3.65 on November 7, and 60 purchased at 3.80 on December 7 . Compute the value of the ending inventory of bears at LIFO cost.

vboyd24 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

36.25 hours 10.60 per hour = 384.25 during the week
7.5 hours 15.90 per hour = 119.25 on Saturday
384.25 + 119.25 = 503.50 total

Answer to Question 2

281.2