Arthur meiners is the production manager of wheel-rite, a small producer of metal parts. wheel-rite supplies cal-tex, a larger assembly company, with 10,600 wheel barings each year. this order has been stable for some time. setup cost for wheel-rite is $42, and holding cost is $0.60 per wheel bearing per year. wheel-rite can produce 470 wheel bearings per day. cal-tex is a just-in-time manufacturer and requires that 47 bearings be shipped to it each business day.

a) what is the optimum production quantity? (round your response to the nearest whole number)

b) what is the maximum number of wheel bearings that will be in inventory at wheel- units (round your response to the nearest whole number)

c)how many production runs of wheel bearings will wheel-rite have in a (round your response to two decimal places)

d)what is the toal setup plus holding cost for wheel-rite? $ (round your response to two decimal places)

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."