8) Dorman Company purchased a new machine for its production process. The following costs were incurred for new machine: $11,000 Training costs for workers who will operate the machine Wages paid to workers who operate the machine during production Ordinary repairs to the machine before the first production run Cost of platform used to properly secure the machine Cost of test run which took place before the first production run 108,000 2000 20,000 13,000 Which costs should be added to the cost of the machine? D) $31,000 C) $46,000 B) $11,000 A) $154,000 ) The following data was extracted from the records of Today Company: Sales revenue 200 units at $25 per unit 120 units at $19 per unit Beginning inventory Purchases 200 units at $12 per unit What is the gross profit using the LIFO method? A) $5000 B) $2400 C) $2720 D) $2600 At the end of the current accounting period, account balances were as follows: Cash, $28,000; Accounts Receivable, $43,000; Common Stock, $19,000; Retained Earnings, $13,000. Liabilities for the period were: B) $71,000 A) $58,000. C) $52,000 D) $39,000. Cubs Corporation issues $550,000, 12%, 5-year bonds on January 1, 2019 for $489,000. Interest is paid annually on January 1. If Cubs Corporation uses the straight -line method of amortization of bond discount the amount of interest expense recorded at December 31, 2019 would be A) $78,200. B) $61,000. C) $66,000. D) $53,800. A company started the year with $200 of supplies. During the year, the company purchased an additional $1200 of supplies. There were $900 of supplies on hand at the end of the year. An adjusting entry prepare at the end of the accounting period includes a: A) debit to Supplies for $900. C) debit to Supplies Expense for $700. B) debit to Supplies Expense for $500. D) debit to Supplies for $1000