PROBLEM while indirect materials used totaled $4,800. Other operating $13,500, repairs of $5,400; year. Indirect labor amounted to $8,100, indirect Petaining sor amomials and incurred S111,000 of direct labor costs during the and property taxes of $7,800. There was no beginning or ending -Process o the factory included utilities of $9,300 maintenance of depreciation of $23,700 and property taxes inventory. The Work-in so ar tos nventory account reflected a balance of $16,500 at the beginning of the REQUIRED () Prepare a schedale of cost of goods manufactured for Ferrell, Inc. PROBLEM II The statement of cash flows c lassifies all cash inflows and outflows into one of the three categories. Investing activities;C.Financing activities D. Noncash investing and REQUIRED: On a separate sheet, list the following items by NUMBER and indicate the appropriate A. Operating activities; B. financing activities classifieation category by writing this LETTER accordngly 1. Purchase of equipment for cash 2 Payment of employee salaries 3. Collection of cash from customers. 4. Cash proceeds from a note payable. 5. Purchase of common stock of another corporation for cash. 6. Issuance of common stock for cash. 7. Sale of machinery for cash. 8 Payment of interest on note payable 9. Issuance of bonds payable in exchange for land and building 10. Payment of cash dividends to shareholders 11. Increase in Accounts Receivable 12. Decrease in Inventory 13. Purchase of Treasury Stock 14. Purchase of Building, but signing a NoteP 15. Decrease in Accrued liabilities PROBLEMLL Urban, Inc. provides the following data: Urban, Inc Balance Sheet Year Ended Dee. 31,2017 Assets urrent Assets Cash and Cash Equivalents Account Receivable, Net Merchandise Inventory Total Current Assets $113,00 Property, Plant, and Equipment, Net Total Assets Liabilities Current Liabilities: Accounts Payable Notes Payable Total Current Liabilities ong-term Liabilities Total Liabilities 2.100 594,300 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity 107.700 $138,70 $233,000 REQUIRED: Compute: (1) Working capital (2) Current Ratio (3) Quick Ratio 4) Debt to Equity The cost of direct materials cost is Period costProduct cost classifed asa .which of the following costs "s classhed as a-con B) Yes 9 Inventoriable costs are also known as A) variable costs B) conversion costs. C) product costs D) fixed costs. 10. When the activity level declines within the relevant range, what should happen with respect to the tollowing Fixed cost per unit No change Variable cost per unit B) C) D) No change No change No change 11. Data for Cost A and Cost B appear below Units Cost Per ProducedUnit Total Cost Cost A 1 $10 $100 $1,000 $10,000 10 100 ? 1,0007 Cost B 1 $5,000 $500 $50 100 1,000 $5 ? Which of the above best describes the behavior of Costs A and B? A) Cost A is fixed, Cost B is variable. B) Cost A is variable, Cost B is fixed C) Both Cost A and Cost B are variable D) Both Cost A and Cost B are fixed