Jessup's Trailer Sales purchased utility trailers from a manufacturer at these quantities and unit costs over a two-month period: April 4, 20 at $376; May 2, 34 at$340; May 29, 18 at $381. The beginning inventory of 9 utility trailers had a total value of$3,159. Find the value of the 31 utility trailers in the May 31 ending inventory:

using the weighted average method (round the unit cost of the beginning inventory and purchases to the nearest dollar.)

The Lentag Company spent $\$ 3,750$ per employee this year to provide a medical insurance benefit for its 1,100 employees. The insurance company notified Lentag that medical insurance costs would increase $12 \%$ next year. Lentag's management decides to keep the same medical coverage but will require employees to pay $15 \%$ of the total cost of the medical insurance increase.

What will be the new cost of medical insurance per employee?

A contract employee is paid $24 an hour for the same work done by a full-time employee who earns$19 an hour plus 37% in benefits . Which employee costs more to hire per hour, and how much more?

A company's annual payroll for 400 hourly workers is $14,000,000 and for its 40 salaried workers,$1,800,000. Each worker gets a 3% COLA raise that will be paid at one time as retroactive pay.

The four top-rated employees in six departments of the Roth Company each received a $1,250 bonus . What total amount of bonus did the Roth Company pay?

A company's annual payroll for 400 hourly workers is $14,000,000 and for its 40 salaried workers,$1,800,000. Each worker gets a 3% COLA raise that will be paid at one time as retroactive pay.

What retroactive pay will each salaried worker get on average?

The Lentag Company spent $\$ 3,750$ per employee this year to provide a medical insurance benefit for its 1,100 employees, at no cost to the employees. The insurance company notified Lentag that medical insurance costs would increase $12 \%$ next year. Lentag's management decides to keep the same medical coverage but will require employees to pay ${4 5 \%}$ of the increase.

What amount will each employee pay a year for medical insurance?

The Keller Company runs a newspaper employment ad each Sunday. The ad should cost $1,400 a day. Because of the number of ads it runs, Keller receives a 22 % discount off the usual price. What is the cost for Keller to run ads for one year?

Now move the cursor to cell C4, which holds the new CPI index number. Enter a new index number of 187.5.

Now enter a new CPI of 177.2 in cell C4. What does the lower CPI figure mean? Explain what happened to the hourly pay rate of employees?

Five percent of a company's profits of $472,000 are to be shared with 4 supervisors. Thirty percent of the profits are to be shared with 48 hourly employees. What profit sharing amount did each of the supervisors and hourly employees get?

Now move the cursor to cell C4, which holds the new CPI index number. Enter a new index number of 187.5.

Now enter a new CPI of 179 .9 in cell C4. Will the employees get COLA? What is the reason?

Trex Graphics Compan y estimates it spends these amounts to hire each new employee: recruiting , $1,750; 15 hours personne l staff time at$31 an hour; 8 hours interview time at $84 an hour; 5 days employee orientation and training at$360 a day. What is the total cost of hiring an employee?

An auto parts store sells 10,350 bott les of windshield washer fluid during the first 90 days of winter . The store does not let stock of washer fluid get below 50 bott les during this period . New stock can be obtained within two days of ordering. What is the reorder point?

Select the best choice for each question.

A wireless service provider charges $\$ 0.25$ for each minute of service, $\$ 0.70$ a minute for roaming charges, and $\$ 0.18$ a minute for long-distance calls. What is the charge for a 6 minute, long-distance call within the home coverage area?

A. $\$ 1.08$

B. $\$ 0.18$

C. $\$ 1.13$

D. $\$ 6.78$

E. $\$ 2.58$

Review these ma th skills and solve the exercises that follow.

Add money amounts. Find the sum. $0.86 +$17.41 = $18.27

1a.$0.39 + $10.64

1b.$1,806 + $31,098