Mr. Chen bought 300 early-weaned pigs averaging a weight of 10 pounds for $35 each. He had a 2.8 percent loss. These pigs were finished 180 days later weighing 250 pounds. a. What was the total cost of the pigs? b. How many pigs remain at the end of 180 days? c. What was the actual cost per pig after the loss?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter10: Short-term Decision Making
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Mr. Chen bought 300 early-weaned pigs averaging a weight of
10 pounds for $35 each. He had a 2.8 percent loss. These pigs were
finished 180 days later weighing 250 pounds.
a. What was the total cost of the pigs?
b. How many pigs remain at the end of 180 days?
c. What was the actual cost per pig after the loss?
Transcribed Image Text:Mr. Chen bought 300 early-weaned pigs averaging a weight of 10 pounds for $35 each. He had a 2.8 percent loss. These pigs were finished 180 days later weighing 250 pounds. a. What was the total cost of the pigs? b. How many pigs remain at the end of 180 days? c. What was the actual cost per pig after the loss?
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