A small-appliance merchant using the FIFO method of valuing inventory has 60 toasters remaining in inventory. The merchant purchased toasters over a three month-period as follows: 30 purchased at $7.80 on April 1, 50 purchased at $7.70 on May 1, and 20 purchased at $7.80 on June 1. Compute the value of the ending inventory of toasters at FIFO cost. $______

Readers' Bookstore takes inventory annually and bases inventory on selling price. Beginning inventory for the year was $44,150. Ending inventory for the year was $39,350. Net sales for the year equal $75,150.

Compute the inventory turnover at retail. Round your answer to one decimal place.

$_______

The comparative income statement of Lawn Products, Inc. showed sales of $325,000 in 2004 and $494,450 in 2005.

Compute the percentage of net change in sales. (Round answer to one decimal place.) ______%