Req. $21$: Calculate the gross profit on the sale to Katie's Boutique:

Req. $22$: Assume for a moment that Katie's Boutique has found an overseas manufacturer that would charge $$45$ per unit for the same handbag. Should Custom Fabric Ventures match the price of this competitor? Briefly explain your answer.

Req. $23$: Would the cost of Job $114,$ as reported on the job cost record, have been different had the company used UFO or Weighted Average, rather than FIFO, as its inventory flow assumption? If so$,$ would it have been higher or lower than currently reported? Explain.

Req. $24$: Would the cost of Job $114,$ as reported on the job cost record, have been different had the company used "direct labor cost" as the MOH allocation base, rather than "direct labor hours"? If so$,$ by how much would the total job cost have differed?