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Concept explainers
To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost
Beginning inventory on 1 April is as follows
Iroquois |
1 Canoes |
2 Kits |
Chippewa |
2 Canoes |
2 Kits |
Winnebago |
0 Canoes |
3 Kits |
Paddles |
6 Medium |
6 Large |
Ending inventory on June 30 is as follows
Iroquois |
2 Canoes |
1 Kits |
Chippewa |
0 Canoes |
1 Kits |
Winnebago |
2 Canoes |
1 Kits |
Paddles |
6 Medium |
4 Large |
Summary of inventory purchases during April-June is shown below
Date of Purchase |
Unit |
Item |
Cost Per unit |
April 5 |
3 |
Iroquois Canoe |
|
3 |
Chippewa Canoe |
||
3 |
Winnebago Canoe |
||
May 1 |
3 |
Iroquois Kit |
|
2 |
Chippewa Kit |
||
1 |
Winnebago Kit |
||
8 |
Paddle Medium |
||
June 10 |
6 |
Paddle Large |
|
2 |
Chippewa Kit |
||
1 |
Winnebago Kit |
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Chapter 18 Solutions
Business Math (11th Edition)
- Login HAC Home View Summary MwMerriam-Webster: A... Lizard Point Quizze... G Home | Gimkit Quizlet Live | Quizlet K! Kahoot! 7.2 HW Central Angles, Arcs, and Arc Lengths POSSIBLE POINTS: 6.67 11. If myQ=(y+7), mQR = (x+11), mRS = (3y), and mST = 65°, find the values of x and y. R V X = y = W S T q W a It N S C % 65 54 # m d DELL 96 t y 0 27 & J * 00 8 x= y= f g h J k X C V b n 3 ES 1 Feb 26 alt ctrlarrow_forwardExplore this statement by constructing at least three examples, one of which must be a negative integer. Indicate if the statement is true or false for each example.arrow_forwardFind binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7, TRUE)). The part in the princess will give you the probability of seven and less than…arrow_forward
- please answer these questionsarrow_forward2. Consider the following statement: For each natural number n, (3.2n+2.3n+1) is a prime number. (a) Explore this statement by completing the table below for n = 2,3 and two additional values of n of your choosing (notice n = 1 has been completed for you). One of your rows should contain a counterexample. n 1 3.2 2.3 +1 3.212.31 + 1 = 13 prime or composite? prime 2 3 (b) Write a formal counterexample argument for the statement using the template fromarrow_forwardPlease ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.arrow_forward
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