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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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