Loire co., a calendar year-end firm, has used the fifo method of inventory measurement since it began operations in year 3. loire changed to the weighted-average method for determining inventory costs at the beginning of year 6. justification for this change was that it better reflected inventory flow. the following schedule shows year-end inventory balances under the fifo and weighted-average methods: year fifo weighted-average 3 $ 90,000 $108,000 4 156,000 142,000 5 166,000 150,000 in its year 6 financial statements, loire included comparative statements for both year 5 and year 4. what amount should loire report as inventory in its financial statements for the year ended december 31, year 4, presented for comparative purposes?

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2