Answer:
Step-by-step explanation
I get the same answer you do, but I'm not at all certain I'm correct. I would have done it just as you did letting each y value define the new x value and then putting the - on the left in at the very end.
f(1) = 3
f(3) = -1
f(-1) = 7
But there is a minus in front of the left most f. That would make it - 7
According to the FIFO method, the earliest sweaters are the ones that are sold off first, so if we have 24 remaining, 15 were bought in September (at $45 each) and the last 9 were from June (at $38 each). Then we calculate the total value by:
15($45) + 9($38) = $1,017
The value of the inventory is $1,017.