Question 16 2 points Save Answer DeBoy, Inc. announces a large stock dividend of 65% of the 5.00 million outstanding shares of common stock. The current price per share is $13.95. Par value of the stock is $0.01 per share. What effect does this dividend have on retained earnings? A $32.500 decrease B. $50,000 decrease C$697,500 decrease D. $45,337,500 decrease No effect - Moving to home que W r eport Question 17 of 38 estion 17 Apollo, Inc, had the following inventory in fiscal 20X9. Compute the company's cost of goods sold for fiscal 20X9 assuming the company used a) FIFO and b) LIFO methods of accounting for inventory 515.00 Beginning Inventory, January 1, 20X9: 130 units Purchase 200 units SIS 00 Purchase 50 units $13.50 Purchase 110 units $15.75 Ending Inventory, December 31, 20X9: 130 units Question 18 Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies? A Direct labor B. Indirect labor C. Equipment cost D. Processing cost E. All of the above