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Problem 1: Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $37,000 in inventory. During the quarter the company purchases $8,950 of new inventory from a vendor, returned $1,400 of inventory to the vendor, and took advantage of discounts from the vendor of $270. At the end of the quarter the balance in inventory is $30,000. What is the cost of goods sold?
Multiple Choice
Option 1: $16,450
Option 2: $15,950
Option 3: $7,000
Option 4: $14,280
Calculate the removal costs of the existing equipment net of tax effects and compute the depreciation tax shield - compute the forgone tax benefits of the old equipment.
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In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was: $13,333 $44,000 $99,000 $30,000
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