Contemporary Mathematics for Business & Consumers
Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
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Chapter 16.I, Problem 5RE

(a)

To determine

To calculate: The total alarm system available for sale of First Alarm Security Corporation.

First Alarm Security CorporationBurglar Alarm Security InventoryDateUnitsCost per UnitTotal CostBeginning Inventory, January 1235$140.00_____Purchase, March 10152143.50_____Purchase,May 16135146.80_____Purchase, October 978150.00_____Alarm Security Available for SaleCost of Goods Available for sale

(b)

To determine

To calculate: The total cost available for sale of First Alarm Security Corporation.

First Alarm Security CorporationBurglar Alarm Security InventoryDateUnitsCost per UnitTotal CostBeginning Inventory, January 1235$140.00_____Purchase, March 10152143.50_____Purchase,May 16135146.80_____Purchase, October 978150.00_____Alarm Security Available for SaleCost of Goods Available for sale

(c)

To determine

To calculate: The dollar value of 167 alarm system which is showed on December 31 with the help of FIFO method of inventory pricing of First Alarm Security Corporation.

First Alarm Security CorporationBurglar Alarm Security InventoryDateUnitsCost per UnitTotal CostBeginning Inventory, January 1235$140.00_____Purchase, March 10152143.50_____Purchase,May 16135146.80_____Purchase, October 978150.00_____Alarm Security Available for SaleCost of Goods Available for sale

(d)

To determine

To calculate: The dollar value of 167 alarm system which is showed on December 31 with the help of LIFO method of inventory pricing of First Alarm Security Corporation.

First Alarm Security CorporationBurglar Alarm Security InventoryDateUnitsCost per UnitTotal CostBeginning Inventory, January 1235$140.00_____Purchase, March 10152143.50_____Purchase,May 16135146.80_____Purchase, October 978150.00_____Alarm Security Available for SaleCost of Goods Available for sale

(e)

To determine

To calculate: The dollar value of 167 alarm system with the help of average cost method.

The table is given as follows-

First Alarm Security CorporationBurglar Alarm Security InventoryDateUnitsCost per UnitTotal CostBeginning Inventory, January 1235$140.00_____Purchase, March 10152143.50_____Purchase,May 16135146.80_____Purchase, October 978150.00_____Alarm Security Available for SaleCost of Goods Available for sale

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Students have asked these similar questions
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Chapter 16 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 16.I - 7. Determine the value of the following inventory...Ch. 16.I - 8. Determine the value of the following inventory...Ch. 16.I - Prob. 9RECh. 16.I - BUSINESS DECISION: IN OR OUT? You are the...Ch. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - Prob. 6TIECh. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - 2. Using the retail method, estimate the value of...Ch. 16.II - Prob. 3RECh. 16.II - Prob. 4RECh. 16.II - Omni Fitness Equipment, Inc., maintains a gross...Ch. 16.II - 6. Hirst Electrical Supplies maintains a gross...Ch. 16.II - Prob. 7RECh. 16.II - 8. You are the warehouse manager for Discovery...Ch. 16.II - BUSINESS DECISION: OVER OR UNDER? 9. You own...Ch. 16.III - Exotic Gardens had net sales of $260,700 for the...Ch. 16.III - Prob. 8TIECh. 16.III - Prob. 9TIECh. 16.III - Prob. 1RECh. 16.III - Prob. 2RECh. 16.III - Assuming that all net sales figures are at retail...Ch. 16.III - Prob. 4RECh. 16.III - Prob. 5RECh. 16.III - Prob. 6RECh. 16.III - Prob. 7RECh. 16.III - Prob. 8RECh. 16.III - Prob. 9RECh. 16.III - A Circle K convenience store had net sales of...Ch. 16.III - Prob. 11RECh. 16.III - Prob. 12RECh. 16.III - Prob. 13RECh. 16.III - Prob. 14RECh. 16.III - Prob. 15RECh. 16 - 1. Goods that a company has in its possession at...Ch. 16 - Prob. 2CRCh. 16 - Prob. 3CRCh. 16 - Prob. 4CRCh. 16 - Prob. 5CRCh. 16 - Prob. 6CRCh. 16 - Prob. 7CRCh. 16 - Prob. 8CRCh. 16 - Prob. 9CRCh. 16 - Prob. 10CRCh. 16 - Prob. 11CRCh. 16 - Prob. 12CRCh. 16 - 13. The ideal amount of inventory a company should...Ch. 16 - 14. When the target average inventory is...Ch. 16 - 1. Calculate the total number of Maytag Neptune...Ch. 16 - When the buyer for Southern Distributors (Exercise...Ch. 16 - Prob. 3ATCh. 16 - Prob. 4ATCh. 16 - Prob. 5ATCh. 16 - 6. Using the retail method, estimate the value of...Ch. 16 - Prob. 7ATCh. 16 - Prob. 8ATCh. 16 - Prob. 9ATCh. 16 - Assuming that all net sales figures are at retail...Ch. 16 - Prob. 11ATCh. 16 - A Foot Locker store had net sales of $435,900 for...Ch. 16 - 13. The Fabric Mart had cost of goods sold of...
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