Vidual jobs at King Tool is a machine shop that uses job order c8stlng. a predetermined rate based on direct labor costs. The following is a job cost sheet for job r Prepare general journal entries to: no. 321. 3, Order JOB COST SHEET DATE STARTED: May 10 321 JOB NUMBER: DATE COMPLETED: May 21 2" Brass Check Valves PRODUCT: 5,000 UNITS COMPLETED: Direct materials used $ 8,000 Direct labor. 2,600 Manufacturing overhead applied 9,400 Total cost of job no. 321 $20,000 Unit cost ($20,000 ÷ 5,000 units) $4 Summarize the manufacturing costs charged to job no. 321. (Use one compound entry.) b. Record the completion of job no. 321. a. с. Record the credit sale of 4,000 units from job no. 321 at a unit sales price of $10. Record a separate entry the related cost of goods sold.

What Is Section 1031? A brief explanation on this?

E14.2

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?