Under which of the following conditions will the FIFO method of process costing result in the same amount of cost being transfer
2 answers:
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Answer:
12
Step-by-step explanation:
In this question, there are two variables: the number of mangoes(y) bought and the number of oranges bought(x).
Let's say the man have z money, mangoes price is z and the oranges price is
z. The equation for money and number of mangoes and oranges will be:
money = mango price * mangoes bought + orange price * orange bought
z= z * x +
z *y
1= x +
y
-y=
x -1
y= -1.5x + 30
y= 30 - 1.5x
If he want equal number of mango and orange, that mean y=x. The calculation will be:
y= 30 - 1.5x
x= 30 - 1.5x
x+ 1.5x = 30
2.5x= 30
x= = 12