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Author Question: The Regal Plumbing Shop had 18 bathroom sinks in their ending inventory. The cost of each sink was ... (Read 120 times)

azncindy619

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  • Posts: 562
on: Jun 24, 2018
The Regal Plumbing Shop had 18 bathroom sinks in their ending inventory. The cost of each sink was 182.55. They valued this ending inventory at 3,238.56. If the lower-of-cost-or-market rule was used, what was the market price per unit of this inventory?

Question 2

An electrical supply store bought copper wire with a list price of 26,200. The wholesaler extended a trade discount which made the net price 15,206. What is the trade discount rate to the nearest whole percent?
 A) 32
  B) 58
  C) 42
  D) 49


zhanghao

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

179.92

Answer to Question 2

C


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