Virginia corp. owned all of the voting common stock of stateside co. both companies use the perpetual inventory method, and virginia decided to use the partial equity method to account for this investment. during 2012, virginia made cash sales of $400,000 to stateside. the gross profit rate was 30% of the selling price. by the end of 2012, stateside had sold 75% of the goods to outside parties for $420,000 cash. a. prepare any 2013 consolidation worksheet entries that would be required regarding the 2012 inventory transfer. b. prepare any 2013 consolidation worksheet entries that would be required regarding the 2012 inventory transfer.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.