A baker recently has come to expect higher prices for bread in the near future. We would expect
A) the baker to supply more bread now than she was supplying previously. B) the baker to supply less bread now than she was supplying previously. C) the demand for bread to fall. D) no change in the baker's current supply of bread; instead, future supply will be affected.
A beginning inventory and purchases of computer parts follow: The company sold 20 units from beginning inventory, 5 units from the first purchase, and 18 units from the second purchase. Required: Determine the (a) cost of an ending inventory and (b) Cost of Goods Sold under the specific invoice method. Round to two decimal places if required.