On august 1, 2021, reliable software began developing a software program to allow individuals to customize their investment portfolios. technological feasibility was established on january 31, 2022, and the program was available for release on march 31, 2022. development costs were incurred as follows: august 1 through december 31, 2021 $ 6,300,000 january 1 through january 31, 2022 1,200,000 february 1 through march 31, 2022 1,600,000 reliable expects a useful life of five years for the software and total revenues of $8,000,000 during that time. during 2022, revenue of $2,000,000 was recognized. required: 1. prepare the journal entries to record the development costs in 2021 and 2022. 2. calculate the required amortization for 2022.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?