Acompany uses a periodic inventory system. on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit. on august 3, the company purchased 16 units at $14 per unit. then, on august 5, the company sold 12 units. the 12 units sold consisted of 7 units from the august 3rd purchase and 5 units from the august 1st beginning inventory. using specific identification, the cost of the 12 units sold is

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?