Drew corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. since each team’s uniform is unique in color and design, drew uses a job order costing system. on january 1, the t-accounts for some of drew’s primary balance sheet accounts were as follows: raw materials inventory work in process inventorybeg. 15,000 beg. 31,000 accounts receivable accounts payablebeg. 56,000 beg. 42,000finished goods cashbeg. 22,000 beg. 32,000 during the year, the following events occurred: 1. drew purchased raw materials costing $86,000 on account.2. drew used $93,000 of raw materials in production. of these, 70% were classified as direct materials and 30% as indirect materials. (drew maintains a single raw materials inventory account.)3. drew used 31,200 hours of direct labor. the company’s average direct labor rate was $7.50 per hour (credit wages payable).

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)