Inventory data for Wilson Corporation for August 2020 are as follows: August 1 Balance 75 units at $100 each August 12 Purchase 70 units at $105 each August 16 Sale 65 units August 21 Purchase 80 units at $108 each August 30 Sale 75 units Required: Calculate the ending inventory and cost of goods sold in dollars, using: LIFO (Perpetual) FIFO (Perpetual) Average (Perpetual)

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.