Author Question: A warehouse store sells a package of 125 steel washers for 2.75 . What is the price per washer when ... (Read 117 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
A warehouse store sells a package of 125 steel washers for 2.75 . What is the price per washer when they are purchased in this package? (Find the price to the nearest tenth of a cent.)

Question 2

Hammond Stationery uses the LIFO method of valuing inventory and has 350 pen sets remaining in inventory. Hammond purchased the pen sets over a six month period as follows: May 1: 175 at 20.50; May 15: 125 at 22.00 . July 7: 75 at 24.00 . and October 1: 150 at 23.50 . Compute the value of the ending inventory.



billybob123

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

2.75  125 = 0.022 or 2.2 cents per washer.

Answer to Question 2

7,537.50



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library