In may 2005, a 1963 painting by andy warhol called liz was sold in new york for $12.6 million. 1.) using the line drawing tool, illustrate the supply curve that would be consistent with a price of $12.6 million. properly label this line. 2.) using the point drawing tool, identify the equilibrium price and quantity reflected by the intersection of the demand and supply curves you created. label this point 'e'. carefully follow the instructions above and only draw the required objects.

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: