The IRS charges interest on underpayments of taxes, but never pays interest on amounts of overpayments of taxes

Ferrell, Inc used $213,000 of direct materials and incurred $111,000 of direct labor costs during the year

Indirect labor amounted to $8,100, while indirect materials used totaled $4,800. Other operating costs pertaining to the factory included utilities of $9,300; maintenance of $13,500; repairs of $5,400; depreciation of $23,700; and property taxes of $7,800. There was no beginning or ending finished goods inventory. The Work-in-Process Inventory account reflected a balance of $16,500 at the beginning of the period and $22,500 at the end of the period. Required: Prepare a schedule of cost of goods manufactured for Ferrell, Inc using the format below. Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead: Indirect Labor Used Indirect Materials Utilities Maintenance Repairs Depreciation Property Taxes Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured What will be an ideal response

The Gulf Cooperation Council (GCC) includes all of the following countries except:

A) Kuwait. B) Saudi Arabia. C) Iraq. D) Bahrain. E) Oman.