Tyrell co. entered into the following transactions involving short-term liabilities. year 1 apr. 20 purchased $40,250 of merchandise on credit from locust, terms n/30. may 19 replaced the april 20 account payable to locust with a 90-day, 10%, $35,000 note payable along with paying $5,250 in cash. july 8 borrowed $80,000 cash from nbr bank by signing a 120-day, 9%, $80,000 note payable. paid the amount due on the note to locust at the maturity date. paid the amount due on the note to nbr bank at the maturity date. nov. 28 borrowed $42,000 cash from fargo bank by signing a 60-day, 8%, $42,000 note payable. dec. 31 recorded an adjusting entry for accrued interest on the note to fargo bank. year 2 paid the amount due on the note to fargo bank at the maturity date. required: 1. determine the maturity date for each of the three notes described.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?