Romanoff industries had the following inventory transactions occur during 2018: units cost/unit 2/1/18 purchase 54 $45 3/14/18 purchase 93 $47 5/1/18 purchase 66 $49 the company sold 150 units at $70 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s gross profit using fifo? (rounded to whole dollars) $3,318 $3,552 $6,948 $7,182

Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives