First class, inc., expects to sell 26,000 pool cues for $14 each. direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.89 per pool cue. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 31,000 units 31,000 units workminusinminusprocess inventory 0 units 0 units finished goods inventory 1,800 units 3,300 units on the 2019 budgeted income statement, what amount will be reported for cost of goods sold?
a) $201,877b) $189,475c) $168,805d) $179,140

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.