The company warehouse contains 100 pallets of office paper, 25 pallets of photo paper, and 50 pallets of card stock. Each pallet of office paper is valued at $96, each pallet of photo paper is valued at $180, and each pallet of card stock is valued at $110. Your partner is calculating the inventory value of these papers but thinks there is an error. Where in the calculations below is the error?

Inventory value of pallet of office paper, photo paper, card stock of the stock is $19600. Partner make calculation mistake in step 3.

What is inventory value?

The value in terms of money of goods or products in a office or warehouse is called the inventory value.

Given information-

Total number of pellets of office paper is 100.

Total pellets of photo paper is 25.

Total pellets of card stock is 50.

Each pallet of office paper is valued at $96, each pallet of photo paper is valued at $180 and each pallet of card stock is valued at $110.

The step of the calculation is,

Step 1-

Each pallet of office paper is valued at $96 and total number of pellets of office paper is 100. Thus or find the value of office paper is multiple 100 by $96.

[tex]100\times96=9600[/tex]

Step 2-

Each pallet of photo paper is valued at $180 and total number of pellets of photo paper is 25. Thus or find the value of photo paper is multiple 25 by $180.

[tex]25\times180=4500[/tex]

Step 3-

Add both the amount,

[tex]9600+4500=14100[/tex]

Step 4-

Each pallet of card stock is valued at $110 and total number of pellets of card stock is 50. Thus or find the value of card stock is multiple 50 by $110.

[tex]50\times 110=5500[/tex]

Step 5-

Add again,

[tex]14100+5500=19600[/tex]

The, total inventory value of the paper is $19600.

The partner make mistake while adding the 3 step as $13100 instead of &14100, which results in amount $18600 instead of $19600.

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