Notice that the goods available for sale are âallocatedâ to ending inventory and cost of goods sold. In the graphic, the inventory appears as physical units. But, in a companyâs accounting records, this flow must be translated into units of money. The following graphic illustrates this allocation process.
Average cost: Of all childcare options, in-home care is the priciest. On average, according to Payscale, an in-home nanny (who doesnât live with you) earns $13.36 per hour, but this varies wildly by location. In general, because the cost of living is higher in metropolitan areas, nannies get paid more there. If you want someone trained in CPR or a nanny with a degree in child education or development, expect to pay more. In Chicago, where I live, the going rate is $14 per hour.
Maryland firm now owns both local W hotels (Crain's) â A Maryland hotel investor has decided that owning one W in Chicago just isn't enough. About 15 months after buying the W Chicago City Center in the Loop, Annapolis, Md.-based Chesapeake Lodging Trust said it has acquired the 520-room W Chicago-Lakeshore for $126 million, or about $242,000 a room.