On January 2, 2021, for past services, Rosen Corp. granted Nenn Pine, its president, 30,000 stock appreciation rights that are exercisable immediately and expire on January 2, 2022. On exercise, Nenn is entitled to receive cash for the excess of the market price of the stock on the exercise date over the market price on the grant date. Nenn did not exercise any of the rights during 2021. The market price of Rosen's stock was $30 on January 2, 2021, and $45 on December 31, 2021. As a result of the stock appreciation rights, Rosen should recognize compensation expense for 2021 of

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.