Concord Company had the following department data: Physical Units Work in process, July 1 30700 Completed and transferred out 164600 Work in process, July 31 44900 All materials are added at the beginning of the process. What is the total number of equivalent units for materials in July?

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.