Question

Belle co has beginning inventory of 12 sets of paints at a cost of 1.50 each. during the year, each store purchased 7 at 3.00, 8 at 3.25

Answer 1

Belle Co has a beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, each store purchased 7 sets of paints at $3.00 each and 8 sets of paints at $3.25 each. The total cost for the year is $65.75.

Step-by-step explanation:

Belle Co has a beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, each store purchased 7 sets of paints at $3.00 each and 8 sets of paints at $3.25 each. To find the total cost, we can calculate the cost of the beginning inventory and add it to the cost of the purchases. The cost of the beginning inventory is 12 x $1.50 = $18.00. The cost of the purchases is (7 x $3.00) + (8 x $3.25) = $47.75. Therefore, the total cost is $18.00 + $47.75 = $65.75.