On june 10, cullumber company purchased $6,300 of merchandise on account from whispering winds company, fob shipping point, terms 1/10, n/30. cullumber company pays the freight costs of $410 on june 11. damaged goods totaling $300 are returned to whispering winds for credit on june 12. the fair value of these goods is $70. on june 19, cullumber company pays whispering winds company in full, less the purchase discount. both companies use a perpetual inventory system. prepare journal entries for both company separately.

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