Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $697,000. Great Harvest incurred and paid freight costs of $33,500, and its employees ran special electrical connections to the ovens at a cost of $4,700. Labor costs were $36,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $4,700. Great Harvest then consumed $870 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,470 and placed the machines in operation. Prepare a schedule to show the amount at which the ovens should be recorded irn Great Harvest's Equipment account.

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Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?