The following information was taken from southgate industry's cash budget for the month of july:
beginning cash balance $127000 cash receipts 114000 cash disbursements 144000 if the company has a policy of maintaining an end of the month cash balance of $106000, the amount the company would have to borrow is

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: