Answer:
$3,085,000
Explanation:
For computing the cost of goods sold for 210,000 units by using the FIFO method first we have to find out the per unit cost which is shown below:
For beginning inventory
= $310,000 ÷ 25,000 units
= $12.4 per unit
For completed units
= $3,000,000 ÷ 200,000 units
= $15
Now the cost of goods sold would be
= 25,000 units × $12.40 + (210,000 units - 25,000 units) × $25
= $310,000 + 2,775,000
= $3,085,000
Answer: the economy is efficient
Explanation: Natural rate of unemployment is the rate of unemployment when the economy is believed to be at its best,it is also the rate of unemployment where all the facets of the economy are working efficiently.
When the rate of unemployment equals the natural rate of unemployment the economy is said to be in equilibrium which means that market forces are effectively influencing the economy to perform t it's best. In the United States the natural rate or unemployment has been estimated to be between 4.5 -5%.
Billions of business can be affected
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