Xiang manufacturing company manufactures blue rugs, using wool and dye as direct materials. one rug is budgeted to use 40 skeins of wool at a cost of $ 5 per skein and 0.7 gallons of dye at a cost of $ 9 per gallon. all other materials are indirect. at the beginning of the year xiang has an inventory of 464 comma 000 skeins of wool at a cost of $ 1 comma 113 comma 600 and 4 comma 300 gallons of dye at a cost of $ 26 comma 230. target ending inventory of wool and dye is zero. xiang uses the fifo inventory cost flow method.

In business, what would be the input, conversion and output of operating a summer band camp

Partnerships are the most common type of business firms in the world. t/f

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?