In January 2020, Concord Corporation, a newly formed company, issued 9800 shares of its $8 par common stock for $13 per share. On July 1, 2020, Concord Corporation reacquired 980 shares of its outstanding stock for $10 per share. The acquisition of these treasury shares a. decreased the number of issued shares.
b. did not change total stockholders' equity.
c. increased total stockholders' equity.
d. decreased total stockholders' equity.

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.)