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American Arabia Company makes cotton rolls as raw material for various cotton products. The following data on cotton rolls and costs is available: Month Cotton
American Arabia Company makes cotton rolls as raw material for various cotton products. The following data on cotton rolls and costs is available:
Month | Cotton rolls | Cost |
January | 2 | $1,500 |
February | 8 | $3,500 |
March | 4 | $2,250 |
April | 5 | $2,500 |
May | 6 | $3,000 |
June | 3 | $2,250 |
Required: Using the high-low method, estimate the total cost for 10 cotton rolls.
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