An incomplete cost of goods manufactured schedule is presented below.
HOBBIT COMPANY Cost of Goods Manufactured Schedule:
December 31, 2017, For the Year Ended December 31, 2017 For the Month Ended December 31, 2017.
Work in process (1/1) $215,960
Direct material
Raw materials inventory (1/1) $
Add: Raw materials purchases 163,890
Total raw materials available for use
Less: Raw materials inventory (12/31) 22,350
Direct materials used $188,340
Direct labor
Manufacturing overhead
Indirect labor 18,220
Factory depreciation 39,150
Factory utilities 76,620
Total overhead 133,990
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31) 87,360
Cost of goods manufactured $546,180
Required:
1. Complete the cost of goods manufactured schedule for Hobbit Company.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.