Spring 20 Company has prepared the following sales budget: Month Budgeted Sales Sep $300,000 Oct $310,000 Nov 330,000 Dec 350,000 Cost of goods sold is budgeted at 60% of sales and the inventory at the end of August was $36,000. Desired inventory levels at the end of each month are 15% of the next month's cost of goods sold. What is the desired beginning inventory on December 1? You must show your work to get credit.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

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Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.