Loire Co., a calendar year firm, has used the FIFO method of inventory measurement since it began operation in Year 3. Loire changed to the weighted-average method for determining inventory costs at the beginning of Year 6. The following schedule shows year-end inventory balances under the FIFO and weighted-average methods:

Year
Ending Inventory
FIFO
Ending Inventory
Weighted-Average
Year 3 $90,000 $108,000
Year 4 156,000 142,000
Year 5 166,000 150,000
In its Year 6 financial statements, Loire included comparative financial statements for both Year 5 and Year 4.

What amount should Loire report as inventory in its financial statements for the year ended December 31, Year 4, presented for comparative purposes?

$90,000
$108,000
$142,000
$156,000

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold. required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)