Review the material in chapter seven on developing and managing offerings. what are the seven steps in the offering development process? what are the key activities in each step? how should a company evaluate new ideas? what are the criteria? what strategies do firms pursue when their products enter the decline stage? go to the discussion forum for unit 4 and engage in a dialogue with your classmates on the above issues and any other perspectives you have on international business. you are expected to make at least three posts to the discussion board during the course of the discussion period.

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.