Cost flow methods the following three identical units of item px2t are purchased during april: item beta units cost april 2 purchase 1 $293 april 15 purchase 1 296 april 20 purchase 1 299 total 3 $888 average cost per unit $296 ($888 ÷ 3 units) assume that one unit is sold on april 27 for $361. determine the gross profit for april and ending inventory on april 30 using the (a) first-in, first-out (fifo); (b) last-in, first-out (lifo); and (c) weighted average cost method. gross profit ending inventory a. first-in, first-out (fifo) $ $ b. last-in, first-out (lifo) $ $ c. weighted average cost

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak