Oriole company uses a perpetual inventory system. its beginning inventory consists of 100 units that cost $68 each. during june, (1) the company purchased 300 units at $68 each, (2) returned 12 units for credit, and (3) sold 250 units at $100 each. journalize the june transactions.

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine