On the first day of the fiscal year, a company issues a $910,000, 9%, 5-year bond that pays semiannual interest of $40,950 ($910,000 x 9% × 1/2), receiving cash of $884,172. Journalize the entry to record the issuance of the bonds.

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: