Homework Answers
Answer: 2nd Option)$5,050
Explanation:
| Galons | Rate($) | |
| Opening balance(1-Mar) | 1000 | 7.2 |
| Sales (5-Mar) | 400 | 7.2 |
| Balance | 600 | 7.2 |
| Purchases(10-Mar) | 600 | 7.25 |
| Balance | 600 | 7.2 |
| 600 | 7.25 | |
| Sales (14-Mar) | 600 | 7.25 |
| 100 | 7.2 | |
| Balance | 500 | 7.2 |
| Purchases(16-Mar) | 800 | 7.3 |
| Balance | 500 | 7.2 |
| 800 | 7.3 | |
| Sales (20-Mar) | 500 | 7.3 |
| Balance | 500 | 7.2 |
| 300 | 7.3 | |
| Purchase(23-Mar) | 600 | 7.35 |
| Balance | 500 | 7.2 |
| 300 | 7.3 | |
| 600 | 7.35 | |
| Sales(26-Mar) | 600 | 7.35 |
| 100 | 7.3 | |
| Balance (end) | 500 | 7.2 |
| 200 | 7.3 |
Balance end=(500*7.2)+(200*7.3)
=3600+1460
=$5,060
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