131. Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $134,000; Chris, $94,000; and Molly, $114,000. Paul is admitted to the partnership on July 1 with a 15% equity and invests $174,000. The balance in Caitlins capital account immediately after Pauls admission is: Multiple Choice $105,020 $142,980 $162,980 $174,000 $132,640

139. Cahuilla Corporation predicts the following sales in units for the coming four months:

April May June July Sales in Units 400 440 460 400

Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 Finished Goods inventory is 160 units. A finished unit requires 5 pounds of direct material B at a cost of $3.00 per pound. The March 31 Raw Materials Inventory has 250 pounds of B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted purchases of pounds of direct material B during May should be: Multiple Choice 448 lbs. 1,568 lbs. 2,222 lbs. 436 lbs. 2,894 lbs.

143. Current information for the Healey Company follows: Beginning raw materials inventory $ 15,500 Raw material purchases 60,300 Ending raw materials inventory 16,900 Beginning work in process inventory 22,700 Ending work in process inventory 28,300 Direct labor 43,100 Total factory overhead 30,300 All raw materials used were traceable to specific units of product. Healey Company's direct materials used for the year is:

Multiple Choice

$60,300. $58,900. $75,800. $61,700. $77,200.