Department s had no work in process at the beginning of the period. it added 12,000 units of direct materials during the period at a cost of $84,000; 9,000 units were completed during the period, and 3,000 units were 30% completed as to labor and overhead at the end of the period. all materials are added at the beginning of the process. direct labor was $49,500 and factory overhead was $9,900.

required:

compute the total cost of units completed during the period?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?