Brandy's Boutique
Financial Highlights for September 1- September 30
Cost Retail
Beginning inventory $575,000 $718,750
Net Purchases $60,000 $75,000
Net Sales {Sept.} $650,000

This information lists financial information for the month of September for a large clothing store. Using the retail method of inventory, estimate the value of the ending inventory at cost on September 30

Nick has a revolving department store credit card account with an annual percentage rate of 15%. Last month;s balance on the account was $423.78. During the current month, he made purchases totaling $123.42 and made a payment of $100. The store uses the unpaid balance method. According to this information, what must be the amount of the finance charge? Round your answer to the nearest cent.

Arts auto parts-Annual Inventory of Windshield wipers
January 1 -beginning inventory-300 units @$11.00
march 15-purchase-150 units @$10.50
June 10-purchase-200 units @$10.75
September 22-purchase-175 units @$10.00
december 10-purchase-100 units @$12.00

Using the FIFO method of inventory pricing, what is the dollar value of ending inventory if there were 300 units on hand on December 31? Round your answer to the nearest dollar.

Also using the chart information, suppose that the ending inventory on December 31 was 500 units. What would be the dollar value of the ending inventory using the LIFO method of inventory pricing? Round your answer to the nearest dollar.

Wallace and sarah have decided to purchase furniture for their new home. They have 2 payment options. The first option is to pay a cash payment of $4,200. The second option is to finance the furniture with a two year installment loan. The loan requires a 12% down payment and 24 equal monthly payments of $195. According to this information, what would be the finance charge on the loan? Using all this information, what is the total deferred payment price of the furniture?