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Suppose that the total fixed cost for a particular competitive im is $6 The marginal cost for the first unit produced is $9 and deceases
Suppose that the total fixed cost for a particular competitive im is $6 The marginal cost for the first unit produced is $9 and deceases by $2 for each of the next two units produced. Thereafter marginal cost increases by $2 for each additional unit a complete the table below Round your "Average Variable Cost: "Average Total Cod answers to 2 decimal places Units Total Cost Marginal Gerst Total Variable Cost 1 1 9 Average Variable Cost ver Total Corst 5 6 15 42 1 3 9 $ 15 2 4 5 View Policies Current Attempt in Progress Pearl Industries uses the retail inventory method for its two departments, men's shoes and women's shoes. The following information is obtained for each department: Item Beginning inventory at cost Beginning inventory at retail Cost of goods purchased Retail price of goods purchased Net sales Men's Shoes $38,000 59,000 221,000 360,000 375,000 Women's Shoes $44.000 86,000 313.000 571.000 527,000 Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method (Round cost to retail ratio to 2 decimal places, es 52.75 and final answers to decimal places, es 5.275.) Men's Shoes Women's Shoes Estimated cost of ending inventory $
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