During the months of November and December 2014, Comfy Home had the following transactions related to holiday wreaths: November 1, 2014 - purchased 40 wreaths for $15 each Between November 2 and November 29, 2014 - sold $1,000 worth of wreaths for a sales price of $50 each November 30, 2014 - purchased 85 wreaths for $20 each Between December 1, 2014 and December 31, 2014 - sold $5,000 worth of wreaths for a sales price of $50 each If Comfy Home uses the LIFO method for recording their inventory, what is the amount transferred to the cost of goods sold account during the month of December 2014

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.