Question

A bakery receives 200 loaves of bread each day of the week. The table below

Answer 1

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.

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