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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the total number of Sonic Blu-ray players available for sale and the cost of goods available for sale from the following inventory figures at Superior Electronics.

Superior Electronics

Sonic Blu-ray Player Inventory

Date UnitsPurchased Cost per Unit TotalCost
Beginning Inventory, January 1 40 $125 $5,000
Purchase. February 20 32 118 3.776
Purchase. April 16 30 146 4.380
Purchase. June 8 25 135 3.375
Blu-ray Players Available for Sale 127 Cost of Goods Available for Sale $16,531

To determine

To calculate: The total number of Sonic-ray players available for sale and the cost of goods available for sale at Superior Electronics.

Superior ElectronicsSonic Blue-ray Player InventoryDateUnitPurchasedCost per UnitTotalCostBeginning Inventory, January140$125_____Purchase, February,2032118_____Purchase, April 1630146_____Purchase, June 825135_____Blueray Player Avalable for sale______cost of goods Available for sale_____

Explanation

Given Information:

Use the information given in the table:

Superior ElectronicsSonic Blue-ray Player InventoryDateUnitPurchasedCost per UnitTotalCostBeginning Inventory, January140$125_____Purchase, February,2032118_____Purchase, April 1630146_____Purchase, June 825135_____Blueray Player Avalable for sale______cost of goods Available for sale_____

Formula:

Step 1: Add all units to calculate total numbers of units available for sale.

Step 2: To calculate the total cost multiply the units with corresponding unit cost.

Step 3: Add cost of all units to calculate the cost of goods available for sale.

Calculation:

To calculate the total number of Sonic-ray players available for sale add all Unit Purchased and write the value of summation

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