Quantum industries is a maker of component parts in heating and cooling ventilation systems. the company is looking for a site on which to build a new production facility. a major consideration they must take into account is that any area selected have adequate rail access, and are at the hub of major highways to quickly move products. quantum’s major consideration appears to be

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: