Luker Corporation uses a process costing system. The company had $166,500 of beginning Finished Goods Inventory on October 1. It transferred in $843,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $164,200. The entry to account for the cost of goods manufactured during October is.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase