Seaside Fish Market sells halibut for 16.49 per pound and red ...

[PhilipSeeMore]

Seaside Fish Market sells halibut for 16.49 per pound and red snapper for 11.69 per pound. What is the total cost of 1.55 pounds of halibut and 2.77 pounds of red snapper? (Round to the nearest cent.)

Question 2

Toddlers' Toyland using the average cost method of valuing inventory has 75 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 average cost.

[nikmaaacs]

Answer to Question 1

1.55 pounds  16.49 per pound = 25.56 for the halibut
2.77 pounds  11.69 per pound = 32.38 for the red snapper
25.56 + 32.38 = 57.94 total

Answer to Question 2

273.13 or 273.00