Partridge bookstore had 500 units on hand at january 1, costing $9 each. purchases and sales during the month of january were as follows: jan. 14: sales, 375 @ $14 jan. 17: purchases, 250 @ $10 jan. 25: purchases, 250 @ $11 jan. 29: sales, 260 @ $16 partridge does not maintain perpetual inventory records. according to a physical count, 365 units were on hand at january 31. the cost of the inventory at january 31, under the lifo method is $placeholder for missing word.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.