Player Corporation purchased 100 percent of Scout Company's common stock on January 1, 20X5, and paid $40,000 above book value. The full amount of the additional payment was attributed to amortizable assets with a life of eight years remaining at January 1, 20X5. During 20X5 and 20X6, Scout reported net income of $52,000 and $6,000 and paid dividends of $13,000 and $10,000, respectively. Player uses the equity method in accounting for its investment in Scout and reported a balance in its investment account of $164,000 on December 31, 20X6.

Required:
Compute the amount paid by Player to purchase Scout shares.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)