The employment rate for young adults with some college was higher than the rate for those who had completed high school (63.7 percent), which was, in turn, higher than the employment rate for those young adults who had not finished high school (46.6 percent).
According to The Knot, renting costs 10 to 30 percent of the price of a new tuxedo. CostHelper lists the cost to buy a tuxedo between $300 to $800 for a mid-range suit, but says designer tuxes can cost from $800 to $1,500, sometimes more.
Calculate LIFO costs by assuming the reverse, that the most recently purchased inventory is the first to sell. These 1,200 widgets are 500 from the August purchase for $4.50, and 700 from the July purchase at $2.50. Their total price is (500 x $4.50) + (700 x $2.50) for a total of $4,000, with an average cost of $3.33.