Which of the following statements is CORRECT? a. The typical R2 for a stock is about 0.3 and the typical R2 for a large portfolio is about 0.94. b. The typical R2 for a stock is about 0.6 and the typical R2 for a portfolio is also about 0.6. c. The typical R2 for a stock is about 0.3 and the typical R2 for a portfolio is also about 0.3. d. The typical R2 for a stock is about 0.94 and the typical R2 for a portfolio is also about 0.94. e. The typical R2 for a stock is about 0.94 and the typical R2 for a portfolio is about 0.6.

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.