According to the economic theory of government, policies in a democracy tend to favor Select one: a. the public interest. b. the best interests of the majority. c. the interests of powerful interest groups that lobby for government favors. d. only those most interested in implementing the best possible economic policies available. e. nobody's interests because the policies are always selected at random.

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: