To better compare the two companies, Pickering wants you to prepare the following analysis. 1. Show the computation of BioTech's cost of goods sold in 2018 using the LIFO method. 2. Prepare summary journal entries for 2018 for BioTech l s purchases of inventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold. A T- account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. 3. Show the computation of BioTech's cost of goods sold for 2018 using the FIFO method. 4. Compute the gross profit percentage for 2018 for both BrightWorld and BioTech using FIFO figures for both. 5. Compute the inventory turnover for 2018 for both BrightWorld and BioTech using FIFO figures for both. 6. Which company appears stronger

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?