Messana corporation reported the following data for the month of august: inventories: beginning ending raw materials $36,000 $24,000 work in process $23,000 $17,000 finished goods $37,000 $55,000 additional information: raw materials purchases $69,000 direct labor cost $94,000 manufacturing overhead cost incurred $54,000 indirect materials included in manufacturing overhead cost incurred $8,000 manufacturing overhead cost applied to work in process $56,000 the cost of goods manufactured for august is: $227,000 $229,000 $219,000 $217,000

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.