Kingbird, inc. has the following inventory data: july 1 beginning inventory 34 units at $22 $748 7 purchases 120 units at $23 2760 22 purchases 17 units at $25 425 $3933 a physical count of merchandise inventory on july 30 reveals that there are 55 units on hand. using the fifo inventory method, the amount allocated to ending inventory for july is

(a) $1375.
(b) $1231.
(c) $1299.
(d) $1265.

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?