Question

Office Supply Corporation purchased 16,000 rolls of paper towels in October. They were able to sell 12,500 rolls of paper towels. Calculate the total ending inventory of paper towels assuming each roll costs $1.79.

Answer 1

$6265.00

Step-by-step explanation:

First, subtract the amount of tp sold (12,500 rolls) from the original amount purchased (16,000 rolls).

16,000 - 12,500 = 3,500

Second, multiply the amount of tp left (3,500 rolls) by the cost per tp roll ($1.79 per roll).

3,500 * $1.79 = $6,250

The total ending inventory is worth $6,250.

Answer 2

wait, are we finding the total amount of money made, or the total of paper towels? because if we're finding the inventory of how many paper towels, it would be 16000-12500, which in turn becomes 3500 rolls. If we're calculating cost, then it would be 12500x1.79, which becomes 22375.