On May 1, 2022, Skysong, Inc. had beginning inventory consisting of 250 units with a unit cost of $6. During May, the company purchased inventory as follows:

▪ 490 units at $6
▪ 740 units at $7

The company sold 1230 units during the month for $10 per unit. Skysong, Inc. uses the average cost method. Skysong, Inc.'s gross profit for the month of May is:

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?