LoBianco Company’s Problem with Solution
| LoBianco Company’s record of transactions for the month of April was as follows. | |||||||
| Purchases | Sales | ||||||
| April 1 (Balance on hand) | |||||||
| 744 | @ | 6 | 620 | @ | 9 | ||
| 1860 | @ | 6.3 | 1612 | @ | 9 | ||
| 992 | @ | 6.5 | 744 | @ | 11 | ||
| 1488 | @ | 6.8 | 1488 | @ | 11 | ||
| 868 | @ | 6.9 | 1116 | @ | 13 | ||
| 620 | @ | 7.3 | |||||
| 5,300 | 5,580 |
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