For 2017, prepare a pension worksheet for Pearl Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. Projected benefit obligation,1/1/17 (before) $537,000
Plan assets, 1/1/17 523,800
Pension liability 13,200

On January 1, 2017, Pearl Corp., through plan grants prior service benefits having a present value of 104,000
Settlement rate 9%
Service cost 56,000
Contributions (funding) 61,000
Actual (expected) return on plan assets 47,500
Benefits paid to retirees 37,000
Prior service cost amortization for 2017 18,200

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.)