Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete the following table.
Statement Price ceiling/Price Floor Binding/Non-Binding
The Gov. prohibits donut shops from selling donuts for more than $1.80 each.
Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
The Gov. has instituted a legal minimum price of $1.80 each for donuts.

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $