Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that cost $65 each. During the month, the company made two purchases: 722 units at $68 each and 365 units at $70 each. Sheffield Corp. also sold 1206 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.