Following up on Question 1: During the month of April, 2017, Bloomfield sells 24 rulers, 15 mechanical pencils, and 35 notebooks. Using the full cost values you calculated above (i. e., including the additional expenditures), compute the cost per unit of inventory, in dollar and cents, but without a $ sign, e. g., xx. xx. 1. Rulers:
2. Pencils:
3. Notebooks:
Now calculate the cost of goods sold for the items sold during April. Enter your results in dollars and cents, without a $ sign, e. g., xx. xx. We’ll do this in steps:
1. Rulers:
2. Pencils:
3. Notebooks:
4. Total COGS:
Finally, calculate the carrying value of the inventory that remains after the April sales. Note: as an intermediate step, you’ll need to compute the number of units remaining in inventory for each category. But provide your answers below in dollars and cents without a $ sign, e. g., xx. xx.
1. Rulers:
2. Pencils:
3. Notebooks:
4. Total:

Cost per Unit:

Ruler $6

Pencil $8

Notebook $7

Cost of goods sold during April:

Ruler $147.60

Pencils $127.50

Notebooks $252

Carrying value of ending inventory:

Ruler $467.40

Pencils $467.50

Notebook $612

Explanation:

Total Value of the goods manufactured is;

Ruler [$6 * 100 units] + $15 shipment fee =  $615

Pencils [ $8 * 70 units] + [70 units * $0.50 import duty] =  $595

Notebooks [ $7 * 120 units ] + $12 shipment fee + [ 120 units * $0.10 fee] = $864

Per units price for the inventory is :

Ruler [$615 / 100] = $6.15 per unit

Pencils [ $595 / 70 units] = $8.50 per unit

Notebooks [$864 / 120 units] = $7.20 per unit

The company sells :

24 rules , 15 mechanical pencils and 35 notebooks

Cost of Sales :

Ruler [24 units * $6.15 / unit] = $147.60

Pencil [15 units * $8.50 / unit] = $127.50

Notebooks [ 35 units * $7.20 / unit] = $252

Ending Inventory :

Ruler [$615 - $147.60] = $467.40

Pencil [$595 - $127.50] = $467.50

Notebooks [ $864 - $252] = $612

answer; offer in store wine and beer samples;

answer; false pretense;