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Assignment Questions - 14238_187
In  answering  question  2-40,  use the information in the following  paragraph. You  are  ordering  the  following  new items  from  the  Southern  Apparel Company: 48 pairs of men’s dungaree trousers, size 32 X 32, S/N 532242-4841,  price--$9.2l;  48  pairs  of men’s dungaree trousers, size 34 X 32, S/N  532242-4856,  price--$9.2l;  48 pairs  of  men’s  dungaree  trousers,  size 34 X 34, S/N 532242-4860, price-- $9.21; 48 pairs of men’s dungaree trousers, size 36 X 34, S/N 532242-4868,  price--$9.2l. 2-40. How many stock record masters should you create in the ROM system for these new items? 1. One 2. Two 3. Three 4. Four 2-41. What is the basis for the unit cost price on the stock record? 1. Average of former and last receipt price 2. Last receipt price rounded off to the nearest nickel 3. Last  receipt  price  rounded off to the nearest cent 4. Last receipt price of the oldest  stock 14

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