Poseidon meter, inc., makes a variety of water meters. data for the past year indicate a worker can make, on average, 100 meters per four-week period. the forecast for the next four periods is 1200, 1200, 1000, and 1000 meters, respectively. beginning inventory 0 unitsinitial workforce size 10 workersproduction and costswages $1,500/worker/periodinventory $1/meter/period (based on average inventory during each period)back order $2/meter/period (based on back orders at end of period)hiring $1,000/workerlayoff $2,000/workerdevelop a constant work force plan for the next four periods. summarize the plan, its costs, and its consequences.

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: