Outstanding stock of the abel corporation included 20,000 shares of $5 par commonstock and 10,000 shares of 5%, $10 par noncumulative preferred stock. in 2009, abeldeclared and paid dividends of $4,000. in 2010, abel declared and paid dividends of$12,000. how much of the 2010 dividend was distributed to preferred shareholders? a. $7,000b. $4,000c. $5,000d. none of the above

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were: