Argo Corp had net income of $34,400 in 2019. Argo declared $4,000 of dividends on preferred stock and $12,000 on common stock. On Jan.1, 8,000 shares of common stock were outstanding. Argo issued an additional 2,000 shares of common stock on June 30, 2019 and again on Oct. 1. Compute basic earnings per share for 2019

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units