A Lawn-And-Garden Store Sells Three Types of Fertilizer in 50-Pound

question 83

Essay

A lawn-and-garden store sells three types of fertilizer in 50-pound bags: Feed & Weed, Winterizer Blend, and 17-17-17. The number of bags that were sold last weekend is represented by A. The selling price per bag and the profit per bag for the three types of fertilizer are represented by B (values are in dollars).
(a) Compute AB and interpret the result. Show all your work.
(b) Find the store's total profit from fertilizer sales for the weekend. Show your work.

Analyze the impact of price changes (increasing or decreasing) on inventory valuation and profitability.

Understand and apply the concept of net realizable value for damaged goods.

Recognize the relationship between inventory management decisions and income taxes.

Understand the practical implications and procedural differences of conducting a physical inventory count under a periodic system.