Grace Co. can further process Product B to produce Product C. Product B is currently selling for $19 per pound and costs $17 per pound to produce. Product C would sell for $38 per pound and would require an additional cost of $10 per pound to produce. What is the differential revenue of producing and selling Product C

At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?