Wright corporation had the following information available for december of the current year: work in process, december 1 $20,000 materials placed into production, december 27,500 direct labor, december 37,500 plantwide overhead rate is 150% of direct labor costs. job cost sheets had the following balances: job z1 $32,500 job z2 55,000 job z3 35,000 job z4 18,750 jobs z3 and z4 were not completed at the end of december. what is the balance in work-in process for wright at the end of december? a.$56,250 b.$53,750 c.$85,000 d.$87,500

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.