Suppose recent changes to immigration laws have decreased the supply of immigrant labor, increasing wages in manual labor occupations. how might this affect the market for construction? in the figure to the right, show how the wage changes have likely affected the market for construction. using the line drawing tool, draw either a new supply curve (s2) or a new demand curve (d2). properly label your line. carefully follow the instructions above, and only draw the required object. click the graph, choose a tool in the palette and follow the instructions to create your graph.

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.