How does the physical location of your business play an important role in international trade? Access to ports enables you to use shipping lines at low cost.
Costs will be lower for hiring people with suitable skills.
Good relationships with neighboring states will help your business.
You get better control over the manufacturing process and quality.
In a moderate climate, people will be more productive and alert.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: