1- At the end of January, Mineral Labs had an inventory of 745 units, which cost $9 per unit to produce. During February the company produced 750 units at a cost of $13 per unit.

a.If the firm sold 1,200 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)

b.If the firm sold 1,200 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.)

2- Given the following, what is free cash flow?

Cash flow from operating activities$241,000Cash flow from investing activities$138,000Cash flow from financing activities$39,600Building purchases$44,000Dividends Paid$34,000

Multiple Choice

• $231,000.
• $163,000.
• $275,000.
• $285,000.

3- Sales for Ross Pro's Sports Equipment are expected to be 42,000 units for the coming month. The company likes to maintain 15 percent of unit sales for each month in ending inventory. Beginning inventory is 9,500 units.

How many units should the firm produce for the coming month?