Fox co. had 120,000 shares of common stock outstanding at january 1. on july 31, it issued 60,000 additional shares of common stock. outstanding all year were 10,000 shares of nonconvertible cumulative preferred stock. what is the number of shares that fox should use to calculate earnings per share for the calendar year?

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.