Statement of cost of goods manufactured for a manufacturing company Obj. Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:.
Inventories March 1 March 31
Materials $210,000 $193,100
Work in process 435,900 510,400
Finished goods 586,200 615,900
Direct labor $3,500,000
Materials purchased during March 2,666,200
Factory overhead incurred during March:
Indirect labor 320,000
Machinery depreciation 210,000
Heat, light, and power 175,000
Supplies 34,900
Property taxes 30,000
Miscellaneous costs 45,700
a. Prepare a cost of goods manufactured statement for March.
b. Determine the cost of goods sold for March.

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

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