Which of the following is an example of an entrepreneur being influenced by the economic principle of supply and demand? A. Wendy has researched ways to maximize productivity in her new business.

B. At his new bike shop, Nick hires polite, friendly individuals to work the registers.

C. Saul has come up with an advertising budget for his new business's marketing campaign.

D. Lindsey notices that the only coffee shop in town is very popular, so she opens her own coffee shop.

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.