The building of a hacker rank is one that cost a lot of money and as such the minimum cost is 4.
What is the minimum cost?
The minimum cost is the lowest cost that is needed to complete a building. It depends on:
- The cost of each type of house to be built (e.g. cost of a wood house, cost of a brick house, etc.)
- The number of the type of house to be built e.g. 2 03 3 or even more.
When one is given input such as : [[1,2,3],[1,2,3],[3,3,1]] (the values in column stands for the cost of materials)
The output : 4
So you have to:
Select material-1 of cost 1 in first house(row)
Select material-2 of cost 2 in second house(row)
Select material-3 of cost 1 in third house (row)
total = 1+2+1 -> 4
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The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
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How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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