Refer to the information above. Assuming that the cost of direct materials used by Department Q in May was $440,000, the materials cost assigned to unfinished units at May 31 would be: Do not round intermediate calculations

Team members will be obligated to participate if a discussion forum is used for communication

Indicate whether the statement is true or false

Alpha-Omega Industries has 20,000 shares of $10 par common stock and 10,000 shares of $40 par, 5% preferred stock outstanding

Total dividends available are $62,000. Compute the dividends to be distributed to preferred and common stockholders under the following condition. The preferred stock is nonparticipating and non-cumulative with no dividends distributed last year. What will be an ideal response?