Hot oven bakery has an order for 1000 boxes of chocolate chip cookies from shoprite supermarkets. they also have an order for 300 boxes of gingersnaps. which of the production processes is hot oven bakery most likely to follow

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be