Laflin company reported the following year-end information:

beginning work in process inventory $1.080,000

beginning raw materials inventory 300,000

ending work in process inventory 900,000

ending raw materials inventory 480,000

raw materials purchased 960,000

direct labor 800,000

manufacturing overhead 720,000

laflin's co. cost of goods manufactured for the year is?

a. $23

b. 248

c. 212

d. 266

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan