Osborn company's unadjusted book balance at june 30, 2014 is $7,800. the company's bank statement reveals bank service charges of $45. two credit memos are included in the bank statement: one for $900 which represents a collection of an account receivable that the bank made for osborn and one for $10 which represents the amount of interest that osborn had earned on its interest-bearing checking account in june. based on this information, osborn's true cash balance is:
a. $7,800.
b. $8,705.
c. $8,665.
d. $8,795.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)