mrd516783
Answered

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A bakery receives 200 loaves of bread each day of the week. The table below
displays how much it spent each day last week. The bakery uses FIFO. If it
had 150 loaves of bread left on Friday afternoon, what was the current value
of its stock?
Day
Monday
Tuesday
Wednesday
Thursday
Friday
Price
$175
$200
$225
$250
$300
O A. $300
B. $250
C. $175
D. $225

Sagot :

The current value of its stock is $300.

What is the current value of its stock?

FIFO means first in first out. It means the the goods bought first are the first to be sold. The ending inventory is the inventory purchased last.

The ending stock would be the bread purchased on Friday. The current value of the stock is $300.

To learn more about FIFO, please check: https://brainly.com/question

Tracybarbie03

Answer:

Step-by-step explanation:

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