A hardware merchant using the LIFO method of valuing inventory has 200 hammers remaining in inventory. The merchant purchased hammers over a three-month period as follows: 120 purchased at $3.50 on April 1, 150 purchased at $3.62 on May 1, and 150 purchased at $3.72 on June 1.

Compute the value of the ending inventory of hammers at LIFO cost. Round your answer to two decimal places.

$_____

Forman and Brasso Furniture Company had net income of $34,000 and net sales of $248,800.

Compute the relationship of net income to net sales. Express your answer as a percentage. (Compute answer to two decimal places.) ___%

Voice Genesis, Inc. uses the units-of-production method of depreciation. Electronic equipment costing $82,300 has 60,000 estimated hours of operation and an estimated scrap value of $2,500. It operated 20,000 hours in the first year.

Compute the book value at the end of the first year

$____

Voice Genesis, Inc. uses the units-of-production method of depreciation. Electronic equipment costing $82,300 has 60,000 estimated hours of operation and an estimated scrap value of $2,500. It operated 20,000 hours in the first year.

Compute the book value at the end of the first year.

$_____