a bakery receives 50 loaves of bread each day of the week. the table below displays how much it spent each…

a bakery receives 50 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 125 loaves of bread left on friday afternoon, what was the current value of its stock?\n\n| day | price |\n| ---- | ---- |\n| monday | $150 |\n| tuesday | $175 |\n| wednesday | $150 |\n| thursday | $125 |\n| friday | $175 |\n\na. $350\nb. $275\nc. $375\nd. $400

a bakery receives 50 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 125 loaves of bread left on friday afternoon, what was the current value of its stock?\n\n| day | price |\n| ---- | ---- |\n| monday | $150 |\n| tuesday | $175 |\n| wednesday | $150 |\n| thursday | $125 |\n| friday | $175 |\n\na. $350\nb. $275\nc. $375\nd. $400

Answer

Answer:

A. $350

Explanation:

Step1: Understand FIFO principle

FIFO (First - In, First - Out) means the first goods purchased are the first ones sold.

Step2: Calculate number of loaves per day

The bakery gets 50 loaves per day.

Step3: Allocate remaining loaves

125 loaves left. 50 from Friday ($175), 50 from Thursday ($125), and 25 from Wednesday ($75).

Step4: Calculate total value

$175 + 125+75=$350$