Given the following data, calculate the cost of goods sold using the lifo costing method. date item unit 1/1 beginning inventory 14 units at $20 per unit 3/18 purchase of inventory 12 units at $22 per unit 6/20 purchase of inventory 9 units at $25 per unit 9/27 purchase of inventory 30 units at $26 per unit 11/27 purchase of inventory 25 units at $27 per unit 12/31 ending inventory 49 units

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold