Can you solve this general accounting question with the appropriate accounting analysis techniques?

Gibson Inc. has provided the following data for the month of December. The balance in the Finished Goods inventory account at the beginning of the month was $94,200 and at the end of the month was $89,750. The cost of goods manufactured for the month was $412,800. The actual manufacturing overhead cost incurred was $142,300 and the manufacturing overhead cost applied to jobs was $148,500. The adjusted cost of goods sold that would appear on the income statement for December is __. Provide answer

Michael Jones's capital statement reveals that his drawings during the year were $55,000. He made an additional capital investment of $35,000, and his share of the net income for the year was $28,000. His ending capital balance was $240,000. What was Michael Jones's beginning capital balance? a. $232,000 b. $202,000 c. $162,000 d. $202,000

What will net income be?

Eric Industries' break-even point in units is 2,500. The sales price per unit is $35, and the variable cost per unit is $25. If the company sells 6,800 units, what will net income be?

Can you help me solve this general accounting question using valid accounting techniques?

Lumo Co had the following transactions in 2020

Nordica Chemicals produces joint products M and N from Compound Z in a single operation. 800 liters of Compound Z, costing $2,400, produce 500 liters of Product M, selling for $3.50 per liter, and 300 liters of Product N, selling for $6.00 per liter. The portion of the $2,400 cost that should be allocated to Product M using the value basis of allocation is____.

I need help solving this financial accounting question with the proper methodology.