Question: please solve it, please do it As soon as possible . its my Exam time is very limited . thanks 22. During 2023, Larue Co.,
22. During 2023, Larue Co., a manufacturer of chocolate candies, contracted to parchase 250,000 pounds of cocoa beans at $4.00 per pound, delivery to be made in the spring of 2024 . Because a record harvest is predicted for 2024 , the price per pound for cocoa beans had fallen to $3.30 by Deeember 31,2023. Of the following joumal entries, the one which would properly reflect in 2023 the effect of the commitment of Larue fa to numhane sh. aen wno 23. RS Corporation, a manufacturer of ethnic foods, contracted in 2023 to purchase 600 pounds of a spice mixture at $3.00 per pound, with delivery to be made in the spring of 2025 . By 12/31/23, the price per pound of the spice mixture had risen to $3.25 per pound. In 2023, RS should recognize A) a loss of $1,800. B) a loss of $150. C) no gain or loss. D) a gain of $150. 22. During 2023, Larue Co., a manufacturer of chocolate candies, contracted to parchase 250,000 pounds of cocoa beans at $4.00 per pound, delivery to be made in the spring of 2024 . Because a record harvest is predicted for 2024 , the price per pound for cocoa beans had fallen to $3.30 by Deeember 31,2023. Of the following joumal entries, the one which would properly reflect in 2023 the effect of the commitment of Larue fa to numhane sh. aen wno 23. RS Corporation, a manufacturer of ethnic foods, contracted in 2023 to purchase 600 pounds of a spice mixture at $3.00 per pound, with delivery to be made in the spring of 2025 . By 12/31/23, the price per pound of the spice mixture had risen to $3.25 per pound. In 2023, RS should recognize A) a loss of $1,800. B) a loss of $150. C) no gain or loss. D) a gain of $150
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