Question

These lots of a particular commodity were available for sale during the year: Beginning inventory10 units at $60 First purchase25 units at $65 Second purchase30 units at $68 Third purchase15 units at $75

Answer 1

$600 + $1,625 + $2,040 + $1,125 = $4,390

Answer 2

Let's calculate the total cost of the inventory based on the purchases you mentioned.

Beginning inventory: 10 units at $60 = $600
First purchase: 25 units at $65 = $1625
Second purchase: 30 units at $68 = $2040
Third purchase: 15 units at $75 = $1125

To find the total cost of the inventory, we add up the costs of the beginning inventory and the purchases:

$600 + $1625 + $2040 + $1125 = $5390

So, the total cost of the inventory for the year is $5390.