Brief exercise 6-03 in its first month of operations, windsor, inc. made three purchases of merchandise in the following sequence: (1) 400 units at $5, (2) 500 units at $7, and (3) 600 units at $8. assuming there are 300 units on hand at the end of the period, compute the cost of the ending inventory under (a) the fifo method and (b) the lifo method. windsor, inc. uses a periodic inventory system.

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?