Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amounts described next.

Assume that Raw Materials Inventory contains only direct materials.

Beginning End of End of
of Year Year Year
Raw materials inventory $ 22,000 $34,000 Insurance on plant $9,500
Work in process inventory 41,000 27,000 Depreciation-plant building and equipment 12,600
Finished goods inventory 13,000 21,000 Repairs and maintenance-plant 3,900
Purchases of direct materials 74,000 Marketing expenses 84,000
Direct labor 88,000 General and administrative expenses 24,500
Indirect labor 42,000
Required:

1.Calculate the Cost of Goods Manufactured.

2.Calculate the Cost of Goods Sold.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Each row in a database is a set of unique information called a(n) table. record. object. field.