Iron Inc. manufactures several products and uses an activity…

Iron Inc. manufactures several products and uses an activity-based costing system to allocate overhead costs. Here are data regarding all of Iron’s various products for the current year: One of Iron’s products is iron beams. Here are data regarding the production of beams during the current year: What is the per-unit manufacturing cost of an iron beam?

Cove Enterprises operates a wholesaling business. All invent…

Cove Enterprises operates a wholesaling business. All inventory sales and purchases are on account. Cove’s monthly sales budget is as follows: May $340,000, June $320,000, and July $310,000. Collections are 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 60% of the next month’s cost of goods sold. Cove pays all its accounts payable in the month following the purchase. Selling and administrative expenses are $24,000 per month and are all paid in cash. Monthly depreciation on plant and equipment is $15,000. What is the budgeted net cash inflow for the month of June?