Weatherhead inc. has provided the following data for the month of march. there were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. work in process finished goods cost of goods sold total direct materials $ 4,240 $ 14,740 $ 41,660 $ 60,640 direct labor 10,000 29,480 83,880 123,360 manufacturing overhead applied 5,860 11,020 35,060 51,940 total $ 20,100 $ 55,240 $ 160,600 $ 235,940 manufacturing overhead for the month was overapplied by $4,300. the corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. the work in process inventory at the end of march after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: round intermediate percentage computations to the nearest whole percent.)

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u. s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.