At May 31, 2017, the accounts of Lopez Company show the following. 1. May 1 inventories—finished goods $13,200, work in process $17,400, and raw materials $9,100. 2. May 31 inventories—finished goods $9,600, work in process $17,200, and raw materials $7,900. 3. Debit postings to work in process were direct materials $65,000, direct labor $50,900, and manufacturing overhead applied $41,200. 4. Sales revenue totaled $216,200. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule $ $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement $ $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017. LOPEZ COMPANY (Partial) Balance sheet $ $

Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?