Ralph's Supply Company sold 370 thousand units last year at a price of $25.00 each. Their gross margin was 40%. Their projections for the price will fall by 10%, and the gross margin will be 35%. There is a 60% probability of a normal year with a 5% growth in sales, a 2% growth in price, and a gross margin of 40%. They project a 25% probability of a boom year with a 10% growth in sales, a 12% growth is sales price, and a gross margin of 45%. What are the expected sales revenue, COGS, and gross profit for next year in thousands of dollars?

Sales revenue $ Cost of goods sold $ Gross profit $

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Question 21 pts

Lydia Atwood, president of the Brattleborough Manufacturing Company, likes to have 25% of the expected sales for next month. September sales were 6,000 units, and sales are expected to grow 30% in October, and another 40% in November. She has 1,560 units in inventory at the end of September. How many units should she produce in October?

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Question 34 pts

At the end of April, the Mudge Company had 3,000 units in inventory with a cost of $11 each. They sold 13,000 units in May for $16 per unit, and produced 12,000 units. Their unit production costs for May were $2 for materials, $4 for labor, and $2 for overhead. What were the gross profit for May and the value of inventory in dollars at the end of May using FIFO inventory? Using LIFO inventory?

	FIFO	LIFO
Gross profit	$	$
Inventory	$	$