A warehouse store sells a package of 125 steel washers for 2.75 . ...

[littleanan]

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]

Answer to Question 1

2.75  125 = 0.022 or 2.2 cents per washer.

Answer to Question 2

7,537.50