During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 57 $49 $2,793
pr. 7 Purchase 137 51 6,987
Jul. 16 Purchase 207 54 11,178
Oct. 6 Purchase 117 55 6,435
518 $27,393
For the entire year, the company sells 443 units of inventory for $67 each.
1. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
2. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
3. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?