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Keeton Company had the following data:
Cost of materials used $ 60,000
Direct labor costs 58,000
Factory overhead 33,000
Work in process,beg. 29,000
Work in process,end. 18,000
Finished goods,beg. 32,000
Finished goods,end. 18,000
Calculate the cost of goods sold.
Compensatory Stock Options
Stock options granted to employees as part of their compensation package, usually with certain conditions attached.
Common Stock
A type of security that represents ownership in a corporation and gives shareholders voting rights and eligibility for dividends.
Market Price
The ongoing rate at which a service or asset can be purchased or sold within a market setting.
Unrecognized Compensation
Compensation earned but not yet provided for in the financial statements, often due to vesting requirements.
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