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A bakery receives 200 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 150 loaves of bread left on Friday afternoon, what was the current value
of its stock?

Respuesta :

michell96

The current value of its stock would be equal to stock price/reported earnings.

What is the FIFO method?

In this method, the assets or products firstly produced are the ones that are sold or disposed first.

How to calculate the value of the stock?

The general formula to calculate the value of the stock is the stock price (how much did it cost to produce the bread) divided into the reported earnings (how much is the profit).

Moreover if the FIFO method you must consider only the bread that has been sold to calculate the earnings.

Note: This question is incomplete because there is not a table with the costs; due to this, I answered it based on general knowledge.

Learn more about stock in: https://brainly.com/question/8040499

Answer:

225

Step-by-step explanation:

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