Lakeside Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $42,000 at the beginning of the month and $27,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $59,000 and direct labor cost of $34,000. The actual manufacturing overhead cost incurred was $55,200. The manufacturing overhead cost applied to Work in Process was $55,000. The cost of goods manufactured for June was:

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.