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Author Question: A warehouse store sells a package of 125 steel washers for 2.75 . What is the price per washer when ... (Read 93 times)

littleanan

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on: Jun 24, 2018
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

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

2.75  125 = 0.022 or 2.2 cents per washer.

Answer to Question 2

7,537.50


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