The jones' have always admired a house that sits on the top of a hill owned by the smiths. martin is a mutual friend of both the jones and the smiths. one day, martin mentions to the smiths how much the jones would love to buy the smith home. the smiths say that if they sell the house, they would be happy to sell it to the jones. martin relays this conversation to the jones and the jones immediately call the smiths to accept the smith's offer to sell. have smiths made an offer to sell their home to the jones?

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.