Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. the home office provides the prices. in your area, the income elasticity of demand for peanut butter is -.05. due to local factory closings, you expect local incomes to decrease by 20% on average in the next month. as a result, you should stock: a) 20% more peanut butter on the shelvesb) 5% more peanut butter on the shelvesc) 10% more peanut butter on the shelvesd) 10% less peanut butter on the shelves

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 $ $