Urban Drapers has a sister company named Super Carpeting Inc. (SCI). SCI just paid a dividend (D 00 ) of $3.12 per share, and its annual dividend is expected to grow at a constant rate (g LL ) of 6.50% per year. If the required return (r ss ) on SCI’s stock is 16.25%, then the intrinsic value of SCI’s shares is per share.

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: