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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
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