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Author Question: Large aluminum tubing costs 1.27 per foot. At that price, what will be the total cost of 1,500 feet ... (Read 79 times)

Mr. Wonderful

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on: Jun 24, 2018
Large aluminum tubing costs 1.27 per foot. At that price, what will be the total cost of 1,500 feet of the tubing? (Round to the nearest dollar.)

Question 2

Eco Tech Auto Parts Store, which uses the FIFO method of valuing inventory, has 56 spark plugs remaining in inventory. Eco Tech purchased spark plugs over a three-month period as follows: 32 purchased at 3.87 on January 5, 56 purchased at 4.13 on February 15, and 20 purchased at 2.34 on March 12 . Compute the value of the ending inventory of spark plugs at FIFO cost.


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sarah_brady415

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

1,500  1.27 = 1,905

Answer to Question 2

195.48


Mr. Wonderful

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

cdmart10

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Reply 3 on: Yesterday
Excellent

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