Not Answered 4.Not Answered 5.Not Answered 6.Not Answered 7.Answered, Not Intended for Grading 8.Not Answered Question Workspace The Balance Sheet should be prepared a. after the income statement and before the statement of owner's equity. b. after the income statement and the statement of owner's equity. c. before the income statement and the statement of owners equity.

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: