2. mr. bryan will purchase gifts for his 6 sons,
plus a gift for his daughter costing $1236. if he
budgeted $135 for all of the purchases, what is
the maximum amount he can spend on each of
his sons' gifts

Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will