mercury, inc. sells tickets in advance for its weekly productions and records the proceeds as unearned revenue. at the end of each month, the company makes an adjusting entry to account for the tickets used during the month (ticket revenue.) on march 1, the unearned revenue account had a credit balance of $ 5 comma 000. during march, mercury sold 400 tickets at $ 20 each, and 350 tickets were used during the month. what is the balance in unearned revenue at the end of march?

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.