Sports Haven keeps an inventory of FITBIT Wearable Technology. Assume an inventory of 35 FitBits at the beginning of the year at a cost of $44.32 each. Additional FitBits were purchased as follows: 15 at $45.50 each on March 22, 30 at $45.80 each on May 2, 10 at $46.20 each on July 14, and 40 at $43.90 each on September 9.
What was the total number of FitBits available for sale over the year?
I am not sure if I should include 35. If I include 35 the answer is 130, if I don't the answer is 95. Could anyone please tell me the correct one?
You include the starting 35 in what you have. 130
To calculate the total number of FitBits available for sale over the year, we need to add up the initial inventory and the additional purchases throughout the year.
At the beginning of the year, there were 35 FitBits in inventory.
On March 22, an additional 15 FitBits were purchased.
On May 2, another 30 FitBits were purchased.
On July 14, 10 more FitBits were purchased.
And finally, on September 9, an additional 40 FitBits were purchased.
Let's calculate the total:
35 (initial inventory) + 15 (purchased on March 22) + 30 (purchased on May 2) + 10 (purchased on July 14) + 40 (purchased on September 9) = 130.
Therefore, the total number of FitBits available for sale over the year is 130.
To calculate the total number of FitBits available for sale over the year, we need to add up the initial inventory and the additional purchases.
1. Start with the beginning inventory: 35 FitBits.
2. Add the quantity of FitBits purchased on March 22: 15 FitBits.
3. Add the quantity of FitBits purchased on May 2: 30 FitBits.
4. Add the quantity of FitBits purchased on July 14: 10 FitBits.
5. Add the quantity of FitBits purchased on September 9: 40 FitBits.
Now, let's calculate the total:
35 (beginning inventory) + 15 (purchased on March 22) + 30 (purchased on May 2) + 10 (purchased on July 14) + 40 (purchased on September 9) = 130 FitBits
Therefore, the total number of FitBits available for sale over the year is 130 FitBits.