Imagine that you have to invest in one of the following two funds: fund biotech with the following performance: down 50% in year 1, up 60% in year 2. average arithmetic return is 5% per year with higher than average volatility that is expected to persist in the future. fund utilities with the following performance: down 1% in year 1, up 2% in year 2. average return is 0.5% with lower than average volatility that is expected to persist in the future. based on your analysis of the two funds' performance and riskiness, which fund would you select and why?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.