Owners' Equity examples include common stock and preferred stock, retained earnings, accumulated profits, general reserves and other reserves, etc. So describe the Owners' Equity and also Distinguishing between Owners' Equity and Owners' Capital.

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: