Find the Maturity Dates for the Following

question 79

Short Answer

Find the maturity dates for the following:
a)A 103-day note dated April 22.
b)A 6-month note dated March 31.
c)A 80-day note dated February 12,2016,a leap year.

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Definitions:

Work in Process

A category of inventory representing items currently being manufactured but not yet completed.

Direct Labor

The wages and other costs for labor directly involved in the production of goods or services, excluding indirect labor costs.

Standard Costs

Predetermined costs for materials, labor, and overhead, against which actual costs are compared.

Cost of Goods Sold

Expenses directly associated with producing goods a company sells, entailing labor and material costs.