Inthe 1920's, the value of the german mark fell dramatically. in june 1922, a u. s. dollar could buy 320 marks; by december of that same year, it could buy 8,000 marks.

what is the economic term for a very high rate of inflation such as the one experienced by germany in the 1920's?

a. inflation
b. disinflation
c. hyperinflation
d. deflation

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: