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Eddies Galleria sells billiard tables. The company has the following purchases and sales for 2024. Date Transaction Units Unit Cost Total Cost January 1 Beginning

Eddies Galleria sells billiard tables. The company has the following purchases and sales for 2024.

Date Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 150 540 81000
March 8 Purchase 120 570 68400
August 22 Purchase 100 600 60000
October 29 Purchase 80 640 51200
Total 450 260600
January 1 to December 31 Sales ($700 each) 400 Sales 400

Eddie is worried about the companys financial performance. He has noticed an increase in the purchase cost of billiard tables, but at the same time, competition from other billiard table stores and other entertainment choices have prevented him from increasing the sales price. Eddie is worried that if the companys profitability is too low, stockholders will demand he be replaced. Eddie does not wan

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