Abnormal spoilage was 100 units and normal spoilage is 400 units. Beginning Work-in-Process Inventory consisted of 5,000 units; 20,000 units were started; and 22,000 units were completed this period. How many units were in ending Work-in-Process

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?