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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