Author Question: A hardware store sells rubber tubing by the foot. If a seventy-five-foot roll of tubing eventually ... (Read 96 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
A hardware store sells rubber tubing by the foot. If a seventy-five-foot roll of tubing eventually sells for a total of 54, how much did the store charge per foot? (Round to the nearest cent.)

Question 2

A hardware merchant using the average cost method of valuing inventory has 350 hammers remaining in inventory. The merchant purchased hammers over a three-month period as follows: 120 purchased at 3.50 in April, 150 purchased at 3.62 in May, and 150 purchased at 3.72 in June. Compute the value of the ending inventory of hammers at average cost.



amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

54  75 feet = 0.72, or 72 cents per foot

Answer to Question 2

1,267.50 or 1,267.00



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library