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Author Question: 126. At the beginning of May a restaurant has 5 boxes of 18" film valued at $21.00 per box. During ... (Read 259 times)

mrsjacobs44

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Question 1

Which of the following is an important skill buyers need to possess?
◦ Sanitation skills
◦ Culinary skills
◦ Computer skills
◦ Management skills

Question 2

126. At the beginning of May a restaurant has 5 boxes of 18" film valued at $21.00 per box. During the month they receive the following amounts at the listed prices.

May 5                          4 boxes            $20/box
May 12                        5 boxes            $22/box
May 19                        4 boxes            $21/box
May 26                        5 boxes            $20/box

At the end of the month, there are 6 boxes left in inventory. Using the Averaged Price Method for valuing inventory, what is the value of the inventory?
◦ $126.00
◦ $124.00
◦ $124.68
◦ $124.50


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Marked as best answer by mrsjacobs44 on Aug 20, 2020

maaaaaaaaaa

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mrsjacobs44

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Reply 2 on: Aug 20, 2020
Great answer, keep it coming :)


momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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