Maple company uses a job costing system. maple company's schedule of cost of goods manufactured showed the following amounts for the month ended august 31. cost of direct materials used $ 42 comma 600$42,600 cost of goods manufactured 124 comma 200124,200 cost of direct labor ($3030 per hour) 76 comma 20076,200 work in process inventory, august 1 15 comma 50015,500 manufacturing overhead cost is allocated at the rate of $ 17$17 per direct labor hour. what is the amount of allocated manufacturing overhead costs for august?

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?