1. A company purchased a weaving machine for $350,170. The machine has a useful life of 8 years and a residual value of $19,500. It is estimated that the machine could produce 769,000 bolts of woven fabric over its useful life. In the first year, 114,500 bolts were produced. In the second year, production increased to 118,500 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year?

2. Junior Snacks reports the following information from its sales budget:

Expected Sales: October $ 150,000 November 158,000 December 194,000

All sales are on credit and are expected to be collected 45% in the month of sale and 55% in the month following sale. The total amount of cash expected to be received from customers in November is:

3. Current information for the Stellar Corporation follows:

Beginning work in process inventory $ 21,900

Ending work in process inventory 23,300

Direct materials 151,000

Direct labor 89,000

Total factory overhead 67,100

Stellar Corporation's Cost of Goods Manufactured for the year is: