Use the following information for the exercises below. ruiz co. provides the following sales forecast for the next four months: april may june july sales (units) 570 650 600 690 the company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. finished goods inventory on april 1 is 228 units. assume july's budgeted production is 600 units. in addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. beginning raw materials inventory for april was 722 pounds. assume direct materials cost $5 per pound. exercise 20-4 manufacturing: direct materials budget lo p1 prepare a direct materials budget for april, may, and june. (round your intermediate calculations and final answers to the nearest whole dollar amount.)

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Under t, the point (0,2) gets mapped to (3,0). t-1 (x, y) →