Course hero marcelino co.'s march 31 inventory of raw materials is $83,000. raw materials purchases in april are $530,000, and factory payroll cost in april is $380,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $23,000; factory rent, $31,000; factory utilities, $23,000; and factory equipment depreciation, $51,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $690,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $ 31,000 $ 40,000 direct labor 25,000 16,000 applied overhead 12,500 8,000 costs during april direct materials 130,000 215,000 $ 115,000 direct labor 102,000 153,000 102,000 applied overhead ? ? ? status on april 30 finished (sold) finished (unsold) in process rev: 03_14_2018_qc_cs-121813 4.1 compute gross profit for april.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.