#24

Tuity Fruity Beverage Company's operating activities for the year are listed below.

Purchases	$140,300
Operating expenses	80,200
Beginning inventory	12,800
Ending inventory	18,300
Sales revenue	300,200

What is the cost of goods sold for the year?

#25

Lie Around Furniture manufactures two products: Futons and Recliners. The following data are available:

	Futons	Recliners
Sales price	$ $530	$ $710
Variable costs	$ $390	$ $415

The company can manufacture either

3

futons per machine hour or

1

recliner(s) per machine hour. The company's production capacity is

13,000

machine hours per month.

What is the contribution margin per machine hour for recliners?