Washington Bottom Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 300 $5 $1,500 12 Purchase 450 6 2,700 23 Purchase 750 8 6,000 30 Inventory 180 Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending inventory $ $ Cost of goods sold $ $ Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.