During the month of June, Telecom Inc had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labor cost of $37,000 and overhead cost of $26,000. The Work in Process balance at June 30 equaled $10,000. What was the Work in Process balance on June 1?

Which of the following is a disadvantage of a sole proprietorship?

(A) Legal constraints. (B) High taxes. (C) Lack of permanence. (D) Difficult to start up.

In which of the following instance will a contract not supported by consideration be

enforceable? When the contract A) gives a benefit to a child B) concerns a sum of money in excess of $5000 C) is made under seal D) concerns a sum of money in excess of $10,000. E) parties have the requisite intention to create legal relations