Heinz katchup decided in the early 2000s to introduce a fun new product targeted at children. they created and marketed the heinz ez squirt product, which came in a squeezable bottle with a narrow tip for writing with the "blastin’ green" colored ketchup. soon heinz added the colors orange, purple, teal, blue, and pink to the mix. it was initially successful, but within a few years sales dried up, and the product was retired. which common type of reposition pitfall did they likely encounter?

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: