Jameson and French entered into a contract in which Jameson was required to deliver merchandise to French by January 19 . On January 5, Jameson told French that he (Jameson) had no intention of delivering the merchandise required by the contract. Prior to January 19, French may successfully sue Jameson for
a. accord and satisfaction.
b. substantial performance.
c. liquidated damages.
d. anticipatory breach.
D
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A corporation used $34,000 of direct materials. It incurred $74,000 in direct labor costs and $112,500 in manufacturing overhead costs during the period. What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $27,500 and $20,500, respectively?
A) $248,000 B) $227,500 C) $213,500 D) $220,500
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