Knight company reports the following costs and expenses in may. factory utilities $16,120 direct labor $69,685 depreciation on factory equipment 13,703 sales salaries 49,631 depreciation on delivery trucks 4,044 property taxes on factory building 2,894 indirect factory labor 52,814 repairs to office equipment 2,185 indirect materials 83,926 factory repairs 3,044 direct materials used 139,734 advertising 15,670 factory manager’s salary 8,349 office supplies used 3,307 from the information, determine the total amount of: (a) manufacturing overhead $ (b) product costs $ (c) period costs $

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.