Wildhorse Co. reported the following income statement data for a 2-year period 2018 2019 Sales revenue $216,500 $257,000 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,500 186,500 221,000 45,000 176,000 $40,500 45,000 205,000 250,000 53,500 196,500 $60,500 Cost of goods sold Gross profit Wildhorse Co. uses a periodic inventory system. The inventories at January 1, 2018, and December 31, 2019, are correct. However, the ending inventory at December 31, 2018 was overstated $6,000 Prepare correct income statement data for the 2 years 2018 2019 Sales Cost of goods sold Beginning inventory Cost of goods purchased

2b2t

explanation:

2b2t

answer; balance sheets;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.