Homework Answers
Part 14)
The correct answer is C) 146000 units
Calculation
Units sold in February = opening inventory February + production- ending inventory
= 30000 + 152000 - 36000
= 146000 units
Part 15)
The correct answer is c) $ 243000
Cash collected in July = cash sales + ( credit sales of July × 60%) + (account receivable of June/ 40%×30%)+(account receivable of may)
= 60000 + ( 180000× 60%) +(80000/40%×30%)+15000
=$ 243000
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