A small business has a credit line of $50,000. Which statements are true of this line? (Select all that apply.) It is a short-term capital asset

It will be listed on the equity statement as a capital asset.

It is listed on the equity statement as a capital liability,

It is a long-term capital investment

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: