Question
URGENT Question 1. *The Green Company reports the following information for the month of March: Cost of Direct Materials used in production: $80,000 Direct Labor:
URGENT
Question 1. *The Green Company reports the following information for the month of March: Cost of Direct Materials used in production: $80,000 Direct Labor: $55,000 Factory Overhead: $32,000 Work in process inventory, March 1: $28,000 Work in process inventory, March 31: $18,000 Finished goods inventory, March 1: $28,000 Finished goods inventory, March 31: $38,000 Based on the information, the cost of goods manufactured is equal to: A. $177,000 B. $185,000 C. $167,000 D. $10,000
Question 2.
Accounts Payable: $30,000
Accounts Receivable: $65,000
Accrued Liabilities: $7,000
Cash: $25,000
Intangible Assets: $40,000
Inventory: $72,000
Long-term Investments: $100,000
Long-term Liabilities: $75,000
Marketable Securities or Temporary Investments: $36,000
Notes Payable (short-term): $20,000
Property, plant, and equipment: $625,000
Prepaid Expenses: $2,000
Based on the above data, what is the amount of quick assets?
A. $126,000
B. $198,000
C. $61,000
D. $90,000
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