"Pharoah Company has the following inventory data: July 1 Beginning Inventory 50 units at $25 $1250 7 Purchases 174 units at $26 4524 22 Purchases 25 units at $27 675 $6449 A physical count of merchandise inventory on July 30 reveals that there are 62 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is"

$1606.

$1637.

$1674.

None of above

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)