16,000 rolls of paper were purchased and 12,500 were sold at $1.79, what is the total ending inventory?
12,500 x 1.79 to find the price but 16,000 - 12,500 to get how many were left.
12,500 x 1.79 = $22,375 that they made from selling. 16,000 - 12,500 = 3,500 rolls left in the inventory. This question confused me so I just gave both answers.
125001.79=22,375
160001.79=28,640
Total ending inventory=28640−22,375
=6,265