Answer:
d. 234,000 lbs. of A; e. 39,000 lbs. of B
Explanation:
For computing the number of pounds first we have to find out the production units which is shown below:
Production units = Sales units + ending inventory units - beginning inventory units
= 76,000 units + 10,500 units - 8,500 units
= 78,000 units
Now number of material pounds required is
Direct material A B
One unit requires 3 lbs 1 ÷ 2 lbs
Multiply 78000 unit requires 234,000 39,000
We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive
Answer:
cash used by investing activities 60,000
Explanation:
<u><em>Operating:</em></u>
purchase of inventory (120,000)
<u><em>Investing:</em></u>
acquisition of available-for-sale securities: (60,000)
<u><em>Financing:</em></u>
Issuance of common stock 150,000
Purchase of treasury stock (70,000)
The investing activities will be those which represent a use of cash in securities, shares and note receivables and the cash inflow generate from this investment.
Answer: The March 31 adjusting journal entry shoud include $1200
Explanation: Given that the
Supplies on hand = $500
Candy purchased supplies of $1200 and used supplies of $500
The unused supplies will be:
1200 - 500 = 700 dollars
The March 31 adjusting journal entry shoud include the addition of the supplies on hand and the unused supplies. That is,
500 + 700 = 1200 dollars
