-The Table Above Shows the Marginal Costs and Marginal Benefits

question 64

Multiple Choice

-The table above shows the marginal costs and marginal benefits of college education. The marginal private benefit of college education at the efficient amount of enrollment is

• A) $20,000 per year.
• B) $16,000 per year.
• C) $12,000 per year.
• D) $14,000 per year.

Estimate year-end inventory and determine loss from shrinkage using the retail inventory method.

Calculate sales revenue, cost of goods sold, and gross profit using weighted average inventory valuation under a perpetual inventory system.

Calculate the ending inventory using FIFO under a perpetual inventory system.

Understand the treatment of goods in transit and consignment goods in inventory records.