Question

In: Accounting

1. Use the information below for Harding Company to answer the question that follows. Harding Company...

1. Use the information below for Harding Company to answer the question that follows.

Harding Company
Accounts payable $30,752
Accounts receivable 74,184
Accrued liabilities 6,245
Cash 17,689
Intangible assets 43,598
Inventory 73,050
Long-term investments 111,677
Long-term liabilities 75,025
Marketable securities 32,134
Notes payable (short-term) 24,768
Property, plant, and equipment 684,473
Prepaid expenses 2,257

Based on the data for Harding Company, what is the amount of working capital?

a.$682,216

b.$1,039,062

c.$137,549

d.$199,314

2.

Zoe Corporation has the following information for the month of March.

Cost of direct materials used in production $16,373
Direct labor 25,594
Factory overhead 32,221
Work in process inventory, March 1 18,679
Work in process inventory, March 31 18,291
Finished goods inventory, March 1 22,420
Finished goods inventory, March 31 25,008

a. Determine the cost of goods manufactured.
$

b. Determine the cost of goods sold.
$

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