Cortez company sells chairs that are used at computer stations. its beginning inventory of chairs was 100 units at $60 per unit. during the year, cortez made two batch purchases of this chair. the first was a 150-unit purchase at $68 per unit; the second was a 200-unit purchase at $72 per unit. during the period, it sold 270 chairs. required determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that cortez uses fifo. lifo. weighted average.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

$1.72, it is usually the same as the cpi, if i am correct, which i am pretty sure i am