Question 1 of 10 How does compound interest differ from simple interest?
O A. Compound interest is available only to businesses and not to
individual consumers.
B. Compound interest is charged to somebody who borrows money
using a credit card.
C. Compound interest must be paid each month rather than all at
once.
D. Compound interest is charged on both previous interest and the
original money owed.

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.