The Loyd Company had 150 units of product Omega on hand at December​ 1, Year​ 1, costing​ $400 each. Purchases of product Omega during December were as​ follows: Date Units Unit Cost December 7 100 $440 December 14 200 460 December 29 300 500 Sales during December were 500 units on December 30. Assume a perpetual inventory system is used. The cost of inventory at December​ 31, Year​ 1, under the FIFO method would be closest​ to:

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z