Plank co. uses the retail inventory method. the following information is available for the current year: cost retailbeginning inventory $ 234,000 $366,000purchases 885,000 1,245,000freight-in 15,000 —employee discounts — 6,000net markups — 45,000net markdowns — 60,000sales revenue — 1,170,000the approximate cost of the ending inventory by the conventional retail method is: a. $287,700.b. $284,760.c. $294,000.d. $307,440.

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Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.