I could really use some help with these multiple choice, thank you!

26. Zhang Industries budgets production of 350 units in June and 360 units in July. Each finished unit requires 5 pounds of raw material K, which costs $6 per pound. Each months ending inventory of raw materials should be 20% of the following months budgeted production. The June 1 raw materials inventory has 350 pounds of raw material K. Compute budgeted cost of purchases for raw material K for June

Multiple Choice

• $10,560.

• $10,620.

• $10,500.

• $10,800.

• $8,700.

28. A machine with a cost of $136,000, accumulated depreciation of $88,000, and current year depreciation expense of $18,500 is sold for $42,400 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

Multiple Choice

• $18,500.

• $27,100.

• $5,600.

• $42,400.

• $45,600.

33. On February 15, Jewel Company buys 7,400 shares of Marcelo Corp. common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.19 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270. The fair value of the remaining 3,700 shares is $29.54 per share. The amount that Jewel Company should report in the asset section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is:

Multiple Choice

• $6,037.

• $2,372.

• $211,833.

• $109,298.

• $3,382.