Gs cookie co. forecasts cash receipts for january and february of $18,000 and $20,000, with cash payments of $6,000 and $8,000, respectively. gs cookie's cash balance at the beginning of january was $5,000, a level that it attempts to maintain. at the beginning of the year, gs cookie has a $15,000 balance outstanding on its line of credit at the local bank. based on its cash budget, how much of the line of credit can gs cookie repay in january and february combined?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.