Based on the following information, compute:

1. Total assets
2. Total liabilities
3. Total Stockholders Equity

Cash=100

Common stock dividends distributable=200

Bonds payable=400

Common stock=500

Dividends payable=40

Retained earnings=600

Treasury Stock=70

Investments=700

1. Name the 3 product costs
2. Give an example of a period cost
3. In process cost system, when process a is completed, it goes to process b. Prepare the journal entry if Process a was competed at $199.
4. Applied manufacturing overhead to production=200
5. Applied factory labor of 5,000: 3,000 to specific jobs and the balance to general factory
6. Requested raw materials from warehouse into the factory of 1,000, of which 900 was for direct materials and the balance was for indirect materials.
7. Calculate gross profit if: