Question 16 Not yet answered On January 1, 2015, Oxford Company finished consultation services and accepted in exchange a promissory note with a face value of $600,000 and a due date of December 31, 2017. The stated rate of interest is 5% with interest receivable at the end of each year through 12/31/17. Assume an effective interest rate of 10% is implicit in the agreed-upon price. The effective amortization method is used. Points out of 3.00 Oxford's total interest revenue to be recorded on the income statements during the years 2015 through 2017 will be: P Flag question Select one: a. $90,000 b. $30,000 c. $74,608 d. $164,602 e. $175,321 The following information was taken from Cody Co.'s accounting records for the year ended December 31, 2016. Question 17 Not yet answered Points out of 3.00 Decrease in raw materials inventory Decrease in finished goods inventory Raw material purchased Direct labor payroll Factory overhead Freight-out $45,000 35,000 420.000 200,000 300,000 45,000 Flag question There was no work in process inventory at the beginning or end of the year. Cody's 2016 cost of goods manufactured is Select one: a. $1,055,000 b b. $1,000,000 c. $965,000 d. $1,045,000 e. $930,000