Business, 21.12.2020 17:20 lisamiller
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold $586,000 Merchandise inventory, January 1 71,800 Merchandise inventory, December 31 62,000 Accounts payable, January 1 71,400 Accounts payable, December 31 65,000A. $569,800B. $582,600C. $576,200D. $586,000E. $595,800
Answers: 1
Business, 22.06.2019 17:40
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.)
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Use the following information about the current year's operations of a company to calculate the cash...
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