The following are the transactions for the month of July. Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 55 $10
July 13 Purchase 275 11
July 25 Sold (100 ) $14
July 31 Ending Inventory 230

Required:
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.