In may 1995 when the exchange rate was 80 yen per dollar, japan life insurance company invested ¥800,000,000 (i. e., $10,000,000) in pure-discount u. s. bonds. the investment was liquidated one year later when the exchange rate was 110 yen per dollar. if the rate of return earned on this investment was 46% in termsof yen, calculate the dollar amount that the bonds were sold at.

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.