Afirm that manufactures tvs sells them at prices of $750, $1,000, and $1,250. the manufacturer will return $75, $100, or $125 respectively, by mail, to those who purchase its brand of tv. this reduction in price is an example of a: a. promotion allowance.
b. trade-in.
c. rebate.
d. quantity discount.

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is