Rubber washers are sold for 37.5 cents per dozen, wholesale. Compute the amount that will be charged for 480 dozen washers. (Round to the nearest dollar.)
Question 2
Special Sports Store, which uses the FIFO method of valuing inventory, has 60 tennis rackets remaining in inventory. Special purchased tennis rackets over a three-month period as follows: 36 purchased at 15 on January 3, 48 purchased at 15.50 on February 5, and 24 purchased at 16 on March 7 . Compute the value of the ending inventory of tennis rackets at FIFO cost.
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