Striker company determines its expected receipts for the period to be $80,000 and expected disbursements to be $70,000. the beginning cash balance for the period was $5,000. the management wants to maintain a minimum balance of $40,000. what is the required borrowing assuming that the bank lends only in multiples of $10,000? $30,000 $25,000 $40,000 $15,000

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.