On December 31, 2018, when the market interest rate is 14%, Kendell Corporation issues $ 220 comma 000 of 11%, 14-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.

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: