Compute the total cost of work in process

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Reference no: EM131958872

1. Selected financial information for Allen, Inc. for the month is provided below. Beginning work in process inventory $5,500 Direct materials used 14,600 Direct labor 17,400 Manufacturing overhead Total manufacturing costs 48,800 Total cost of work in process Ending work in process 7,400 Cost of goods manufactured Beginning finished goods Cost of goods available for sale 80,100 Ending finished goods Cost of goods sold 71,800 Compute the total cost of work in process. $1,900 $12,900 $48,800 $54,300.

2. ABC Company is issuing a new bond with a par value of $1,000 and a coupon rate of 8%. The time to maturity is 23 years and the Yield to Maturity is 8.38%. If coupon payments are semi-annual, what is today's price of this bond?

Reference no: EM131958872

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