The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning inventories in January 20X6. Selling price per unit Variable manufacturing expense per unit Sales commission expense per unit $35.00 $15.00 $5.00 Fixed manufacturing overhead $2,000,000 Fixed operating expense # of goggles produced # of goggles sold $250,000 200,000 185,000 Required: a) Calculate the following for Rays i) The total cost per unit ii) The value of ending inventories using marginal costing ii) The value of ending inventories using total costing

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.