Paradise Corporation budgets on an annual basis forts Escal year. The following beginning and ending inventory levels in units are planned for next year 3 Beginning Inventory 56,000 96,000 Raw material Tinioned goods Ending Toventory 66.000 66,000 1382 * Three pounds of raw material are needed to produce each unit of finished product i Paradise Corporation plans to sell 560.000 units during next year, the number of units it would have to manufacture during the year would be: Multiple Choice 530,000 units 560.000 units 504,000 units O 690.000 units 4 Parwin Corporation plans to sell 38.000 units during August, the company has 15,500 units on hand of the start of the month, and plans to have 16,500 units on hand at the end of the month, how many units must be produced during the month 15623 Multiple Choice O 53.500 39.000 37,000 54,500 Save 5 Erit The following are budgeted data 07 5 Sales in unita Production in units January February March 15,200 20,400 19.200 18,200 19,200 17.100 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 30% of the following month's production needs Purchases of raw materials for February would be budgeted to be Multiple Choice 18,630 pounds 19.670 pounds 19.830 pounds 18.570 pounds 5 Dilly Farm Supply is located in a small town in the rural west Data regarding the store's operations follow: 56.10 Sales are budgeted at $305,000 for November. $325.000 for December, and $225,000 for January . Collections are expected to be 65% in the month of sale and 35% in the month following the sale The cost of goods sold is 80% of sales The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are 522,600 Month depreciation is $28,500 Ignore taxes $ Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624.000 accumulated depreciation Total assets 34,000 84,500 170,800 920,000 $1,209.300 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 254,000 755,000 200, 300 $1,209,300 The cost of December merchandise purchases would be