Amy Company produces and sells bikes. It expects to sell 15,000 bikes in March and had 1,200 bikes in finished goods inventory at the end of Februar. Amy Company would like to complete operations in March with at least 1,500 completed bikes in inventory. The bikes sell for $100 each. On the budgeted income statement, what amount will be reported for sales for March?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: