Shirin contributes cash of $10,000, a computer with a fair market value of $1,000 (her basis is $500), and land with a fair market value of $80,000 (her basis is $20,000) to a corporation in exchange for stock that qualifies under Section 351. How much gain or loss did Shirin realize and recognize on the exchange?

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: