Roseanne wants to purchase a retail shop that sells candles. The current owner of the shop has provided her with graphs of the revenue, profit, and costs. Which two statements are correct interpretations of this graph? This business is not currently profitable. This business needs to lower its costs substantially. This business should increase its supplies to match demand. This business should lower its prices to increase its profits. This business is earning enough revenue to cover its costs.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Your own record of all your transactions. a. check register b. account statement

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: