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The sales department C. Coles Manufacturing Co. has forecast sales in March to be 20,000 units. Additional information follows: Finished Goods inventory, March 1...........................3,000 units Finished Goods inventory required March 31................1,000 units Materials in production:
Inventory Required inventory
March 1 March 31 Standard Cost
A (one gallon per unit) 500 gal 1,000 gal $2 per gal
B (one pound per unit) 1,000 gal 1,000 lbs $1 per lb
Prepare the following:
a. A production budget for March (in units). b. A direct materials budget for the month (in units and dollars).
Building a Balance Sheet: Jones, Incorporated has net fixed assets of $22,500, current assets of $8,200, current liabilities of $6,400, and long-term debt of $12,500. What is the value of the company's stockholders equity and net working capital?
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