a. As of December 31, 2017, Stand Still Industries had $4,000 of raw materials inventory. At the beginning of 2017, there was $4,500 of materials on hand. During the year, the company purchased $400,000 of materials; it paid for only $300,500. How much inventory was requisitioned for use on jobs during 2017? Please explain answer in detail.

Select one:

a. $399,500

b. $360,200

c. $320,500

d. $363,000

b. Ben Godon Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembly department to be $690,000. The company produces 400,000 wheels and 700,000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. How much of the assembly overhead should be allocated to wheels? Please explain answer in detail.

Select one:

a. $155,000

b. $245,000

c. $190,400

d. $285,600