Fun and Frolic Sporting Goods takes inventory quarterly. Beginning inventory for the year was 187,000 . Inventory at the end of the first quarter was 175,000 . at the end of the second quarter, 205,000 . at the end of the third quarter, 190,500 . and at the end of the year, 184,600 . Compute the average inventory for Fun and Frolic Sporting Goods.
Q. 2A company ordered 47 square yards of red carpet, 48 square yards of blue carpet, and 46 square yards of yellow carpet. The carpet cost 20 per square yard including tax. Compute the amount the company paid for the carpeting.
Q. 3Pretty Paintings Gallery takes inventory semiannually. Beginning inventory for the year was 755,000 . Inventory at the end of the first six months was 780,000 . Ending inventory for the year was 695,000 . Compute the average inventory for Pretty Paintings Gallery.
Q. 4A company earned 19,862 in April and 11,072 in May. In June the company lost 3,990 . Compute the amount the company earned during the three-month period.
Q. 5Curtis Auto Parts takes inventory annually. Beginning inventory for the year was 247,000 . Ending inventory for the year was 230,000 . Compute the average inventory for Curtis Auto Parts.
Q. 6A company purchased a desk for 399, a chair for 139, a lamp for 89, and a table for 79 . The store offered a discount of 100 for purchases totaling 400 or more. Compute the amount the company paid for the furniture.
Q. 7Happy Heart Exercise Equipment Company had a beginning inventory of 160,00 . at cost. During the month, Happy purchased and received 120,00 . in goods and had net sales of 130,000 . Throughout the month, Happy Heart Exercise Equipment Company maintained a 35 markup on all sales. Compute the ending inventory at cost.
Q. 8An airplane flew for 80 hours in a week. The airplane used 55 gallons of gas per hour. Compute the number of gallons of gas the airplane used that week.
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