Mars corp. earned $10,000 in january, but mars only received $7,000 of that and the other $3,000 will be received in february. mars only expense was $2,500 for wages. of this amount, mars paid $1,000 during january and will pay the remaining $1,500 on february 1st. what is mars net income for january?
a $7,500
b $6,000
c $9,000
d $4,500

The following accounts are from last year’s books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year