The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table, Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale January 1 538 $2 317 $1554.37 April 1 400 $1.90 17 $1100 July 1 200 $2.10 123 $608 October 1 500 $1.90 47 $1375

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Answer 1

Question

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

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Question 1 The data shown in Table 1 are and R values for 24 samples of size n = 5 taken from a process producing bearings. The measurements are made on the inside diameter of the bearing, with only the last three decimals recorded (i.e., 34.5 should be 0.50345). Table 1: Bearing Diameter Data Sample Number I R Sample Number I R 1 34.5 3 13 35.4 8 2 34.2 4 14 34.0 6 3 31.6 4 15 37.1 5 4 31.5 4 16 34.9 7 5 35.0 5 17 33.5 4 6 34.1 6 18 31.7 3 7 32.6 4 19 34.0 8 8 33.8 3 20 35.1 9 34.8 7 21 33.7 2 10 33.6 8 22 32.8 1 11 31.9 3 23 33.5 3 12 38.6 9 24 34.2 2 (a) Set up and R charts on this process. Does the process seem to be in statistical control? If necessary, revise the trial control limits. [15 pts] (b) If specifications on this diameter are 0.5030±0.0010, find the percentage of nonconforming bearings pro- duced by this process. Assume that diameter is normally distributed. [10 pts] 1

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Answer 2

Question

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

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Answer 3

Question

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

Answer 6

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

Answer 7

Chapter 18.1, Problem 5-2SC

To determine

To calculate: The Ending inventory at cost, and cost of goods sold using the retail inventory method if sales total $3171.32 and to complete the following table,

Date of purchase Number of plate stands purchased Cost per unit Ending inventory Retail value of goods available for sale

January 1 538 $2 317 $1554.37

April 1 400 $1.90 17 $1100

July 1 200 $2.10 123 $608

October 1 500 $1.90 47 $1375

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 18.1 - Prob. 1-1SC Ch. 18.1 - Prob. 1-2SC Ch. 18.1 - Prob. 1-3SC Ch. 18.1 - Prob. 1-4SC Ch. 18.1 - Prob. 2-1SC Ch. 18.1 - Prob. 2-2SC Ch. 18.1 - Prob. 2-3SC Ch. 18.1 - Prob. 2-4SC Ch. 18.1 - Prob. 3-1SC Ch. 18.1 - Prob. 3-2SC

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Chapter 18 Solutions

Date of purchase	Number of plate stands purchased	Cost per unit	Ending inventory	Retail value of goods available for sale
January 1	538	$2	317	$1554.37
April 1	400	$1.90	17	$1100
July 1	200	$2.10	123	$608
October 1	500	$1.90	47	$1375