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The Acme Corporation starts the year with a beginning inventory of 300 units at $5 per unit. The company purchases 500 units at $4 each in February and 200 units at $6 each in October. Acme sells 150 units during the year. Acme has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold?

A. $750 B. $900 C. $600 D. $934

Which of the following statements is true about stepwise discriminant analysis?

A) The predictors are entered sequentially based on their ability to discriminate between groups. B) The predictor with the highest F ratio is the first to be selected for inclusion in the discriminant function, if it meets certain significance and tolerance criteria. C) Each predictor selected is tested for retention based on its association with the other predictors selected. D) All of the above statements are true.