During 2018, the balboa software company incurred development costs of $2,000,000 related to a new software project. of this amount, $400,000 was incurred after technological feasibility was achieved. the project was completed in the middle of the year and the product was available for release to customers on july 1. year 2018 revenues from the sale of the new software were $500,000 and the company anticipated future additional revenues of $4,500,000. the economic life of the software is estimated at four years. year 2018 amortization of software development costs should be:

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.