Author Question: Rubber washers are sold for 37.5 cents per dozen, wholesale. Compute the amount that will be charged ... (Read 203 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
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.



tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

480  37.5 cents = 480  0.375 = 180

Answer to Question 2

942



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library