Pcompany owns 80% of the outstanding stock of s company. during 2014, s company reported net income of

$525,000 and declared no dividends. at the end of the year, s company’s inventory included $487,500 in unrealized

profit on purchases from p company. intercompany sales for 2014 totaled $2,700,000.

required:

prepare in general journal form all consolidated financial statement workpaper entries necessary at the end of the

year to eliminate the effects of the 2014 intercompany sales.

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins