When you undertook the preparation of the financial statements for Telfer Company at January 31, 2018, the following data were available:

At Cost At Retail
Inventory, February 1, 2017 70,800.00 98,500.00
Markdowns 35,000.00
Markups 63,000.00
Markdown cancellations 20,000.00
Markup cancellations 10,000.00
Purchases 219,500.00 294,000.00
Sales revenue 335,000.00
Purchases returns and allowances 4,300.00 5,500.00
Sales returns and allowances 10,000.00

Compute the ending inventory at cost as of January 31, 2018, using the Conventional Retail method. Your solution should be in good form with amounts clearly labeled.

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

The questions of economics address which of the following ? check all that apply

Amajor advantage of case studies is