Fairleigh Company sells home weather stations. Its beginning inventory was 50 units at $200 per unit. During the year, Fairleigh made two purchases of the station: first, a 150-unit purchase at $220 per unit, and then 100 units at $250 per unit. The ending inventory for the year was 125 units. Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Fairleigh uses the following inventory cost flow assumptions: (1) FIFO, (2) LIFO, and (3) Weighted Average.

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?