This topic contains a solution. Click here to go to the answer

Author Question: A certain cut of beef costs 7.59 per pound, and a similar cut of pork costs 5.19 per pound. What is ... (Read 186 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
A certain cut of beef costs 7.59 per pound, and a similar cut of pork costs 5.19 per pound. What is the total cost of 3.25 pounds of the beef and 3.75 pounds of the pork? (Round to the nearest cent.)

Question 2

A hardware merchant using the LIFO method of valuing inventory has 200 hammers remaining in inventory. The merchant purchased hammers over a three-month period as follows: 120 purchased at 3.50 on April 1, 150 purchased at 3.62 on May 1, and 150 purchased at 3.72 on June 1 . Compute the value of the ending inventory of hammers at LIFO cost.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

honnalora

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

3.25 pounds  7.59 per pound = 24.67 for the beef
3.75 pounds  5.19 per pound = 19.46 for the pork
24.67 + 19.46 = 44.13 total

Answer to Question 2

709.6




kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 24, 2018
Excellent


connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library