PRINTER VERSION NET Problem 10.39A a-9 The controller of Harrington Company estimates sales and production for the first four months of 2020 as follows: Sales Production in units January $28,400 1,000 February $39,300 1,400 March $53,700 1,800 April $26,400 2.500 Sales are 40% cash and 60 on account, and of credit sales are collected in the month of the sale. In the month after the sale of creates are collected it takes 4 kg of direct materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows:40 in the month of the purchase and 60% the following month Ending direct materials inventory for each month is 40% of the next month's production needs January's beginning materials inventory is 1.110 kg. Suppose that both accounts receivable and accounts payable are rere the beganganuary What are the total cash sales for the January March quarter? Total cash sales 48560 What is the accounts receivable balance at the end of March? Accounts receivable balance 12808 What is the direct materials inventory balance at the end of March? 20000 kg Direct materials inventory balance What are the materials purchases costs for February? 28000 Material purchases for February What are cash payments on account for February? What is the direct materials inventory balance at the end of March? Direct materials inventory balance 20000 kg dy What are the materials purchases costs for February? Material purchases for February 28000 What are cash payments on account for February? Cash payments on account What is the ending balance in accounts payable for March? Ending balance in accounts payable What is the change in the cash balance for Cash balance change SAVE Question Attempts: 0 of 2 used Problem 10.39A-9 The controller of Harrington Company estimates sales and production for the first four months of 2020 as follows: January $28,400 1,000 February $39,300 1,400 March $53,700 1,800 April $26,400 2,500 Production in units Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale of creates are collected as direct materials to produce a finished unit, and direct materials cost $5 per kg. All dwect materials purchases are on account, and are paid as follows: 40 in the month of the purchase and 60% the following month. Ending direct materials Inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 1,110 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January What are the total cash sales for the January-March quarter? Total cash sales 43560 What is the accounts receivable balance at the end of March? Accounts receivable balance 12888 What is the direct materials inventory balance at the end of March? 20000 kg Direct materials inventory balance What are the materials purchases costs for February? 28000 Material purchases for February cash payments on account for February? What is the accounts receivable balance at the end of March? STANDARD VIEW PRINTER VERLEON X RETE Accounts receivable balance 12888 What is the direct materials inventory balance at the end of March? Direct materials inventory balance 20000 kg What are the materials purchases costs for February? Material purchases for February 28000 What are cash payments on account for February? 23200 Cash payments on account What is the ending balance in accounts payable for March? Ending balance in accounts payable What is the change in the cash balance for the period January March? Cash balance change SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 2 used
