Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $199,000, expenses of $110,700, and withdrew $23,600 from the business during the current year. The owner’s capital account before closing had a balance of $311,000. The Net Income for the year is:

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs