A bakery receives 50 loaves of bread each day of the week. The table below
displays how much it spent each day last week. The bakery uses FIFO. If it
had 125 loaves of bread left on Friday afternoon, what was the current value
of its stock?
Day
Monday
Tuesday
Wednesday
Thursday
Friday
Price
$150
$175
$150
$125
$175
A. $275
ОО
B. $400
C. $350
O D. $375