Question: Question 1 5 ( 1 0 points ) Question 1 5 options: Use this information t o answer the following questions about F Y 2

Question 15(10 points)
Question 15 options:
Use this information to answer the following questions about FY2020.
Learning Success, Inc. (LSI)is a non-for-profit education organization that provides free backpacks filled with school supplies to low-income children. LSI purchases the backpacks from a local vendor already pre-filled with school supplies.
At the beginning ofFY2020, which began on January 1, LSI had 650 backpacks that had been purchased in the prior fiscal year for $12.50 per backpack. On April 1, LSI had 50 backpacks remaining soit purchased an additional 500 backpacks for $14.00 per backpack. On July 31, with only 100 backpacks left, LSI purchased an additional 800 backpacks for $13.50 per backpack. On December 31, LSI had 125 backpacks remaining in its inventory.
Round your answers to TWO decimal places. Do not include symbols ($)or commas in your answers.

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