Arthur corporation uses the dollar-value last-in, first-out (lifo) method to measure its inventories. historical information indicates the following:
inventory at price inventory at
year end-of-year prices index base-year prices
1 $100,000 100 $100,000
2 102,440 104 98,500
3 121,000 110 110,000
during year 4, inventory at end-of-year and base-year prices totaled $125,440 and $112,000, respectively. the ending inventory at lifo cost for year 4 is:

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.