The correct answer is obviously, You recognized that it exists, i have no idea what they were smoking when they wrote this question.
Answer:
Terry's Closing Inventory is $131,360.
Terry's Gross profit is $431,360.
We follow these steps to arrive at the answers:
<u>1. Calculate the base value of closing inventory (CI):</u>


<u>2. Calculate additions to inventory at base price</u>


<u>3. Calculate the value of additions to inventory at current prices</u>


<u>4. Calculate the value of Closing inventory</u>


<u>5. Compute Cost of Goods Sold (COGS):</u>


<u>6. Compute Gross profit</u>


Answer:
hope help you
Explanation:
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Answer:
30
Explanation:
Data provided in the question
Total utility consuming the 2 widgets = 240
Total utility consuming the 3 widgets = 270
So by considering the above information, the marginal utility of consuming the third widget is
= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets
= 270 - 240
= 30
Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets