Answer:
cost of goods manufactured= = $222,800
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
beginning WIP = 6,000
Direct material used= 10,300 + 90,000 - 6,500= 93,800
Direct labor= 60,000
Manufacturing overhead= 75,000
Ending WIP= (12,000)
cost of goods manufactured= = $222,800
Answer:
Goodwill is not amortized
Explanation:
In 2001, According to the Financial Accounting Standards Board (FASB) declared in Statement 142, Accounting for Goodwill and Intangible Assets, that goodwill was no longer permitted to be amortized.
This is more of an ethics question and up to each individuals beliefs, but I'll try my best to answer it for you. "I would not kill the one innocent person to save five other people because no one's life is greater than another's. The five people would die if I hadn't intervened at all and that one death would be on me. The same would apply to the second scenario, I would not kill the five people to save one."