Quentin's December 31, 2013, inventory T-account debit balance was $56,000. During 2014, its inventory purchases amounted to $25,000, and there were no inventory-related write-downs or losses. What was Quentin's 2014 cost of goods sold expense? Quentin Company
Balance Sheet as of December 31,2014
Assets Liabilities
Current Assets Current Liabilities
Cash $42,000 Accounts payable 30,000
Inventory $36,000 Short-term debt 42,000
Prepaid expense 12.000 Total current liabilities 72,000
Total current assets90,000
Non-current Liabilities
Bond payable 34,000
Plant and equipment
(net) 56,000 Owner's Equity
Patent (net) 24,000 Common stock 20,000
Total Assets $170,000 Retained earnings 44,000
Total Liabilities and
Owners Equity $170.D00
a. $5,000.
b. $67,000.
c. $20,000.
d. $45,000.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

When you hire an independent contractor you don't have to pay the contractors what

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.