Grays Company has inventory of 17 units at a cost of $12 each on August 1. On August 3, it purchased 27 units at $11 each. 19 units are sold on August 6. Using the perpetual FIFO inventory method, what amount will be reported as cost of goods sold for the 19 units that were sold

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars