The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Date Transaction Number of Units Per Unit Total

Jan. 1 Inventory 7,500 $75.00 $562,500
10 Purchase 22,500 85 1,912,500
28 Sale 11,250 150 1,687,500
30 Sale 3,750 150 562,500
Feb. 5 Sale 1,500 150 225,000
10 Purchase 54,000 87.5 4,725,000
16 Sale 27,000 160 4,320,000
28 Sale 25,500 160 4,080,000
Mar. 5 Purchase 45,000 89.5 4,027,500
14 Sale 30,000 160 4,800,000
25 Purchase 7,500 90 675,000
30 Sale 26,250 160 4,200,000

Required:
Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record
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How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.