a.Suppose a farmer borrowed $1000 for one year at an interest rate of 8%. At the time that the money was borrowed, the price of a bushel of corn was $0.40. The farmer expected that the price of corn would rise 5% over the course of the loan. In terms of corn, how much did the farmer borrow

COGS= $15,000

Explanation:

Giving the following information:

Purchase= 500 grills

Unitary cost= $75

Units sold= 200

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 0 + 500*75 - 300*75

COGS= $15,000

or;

COGS= 200*75= $15,000