Coy, Inc. initially issued 250,000 shares of $1 par stock for $1,250,000 in 2019. In 2020, the company repurchased 25,000 shares for $250,000. In 2021, 12,500 of the repurchased shares were resold for $200,000. In its balance sheet dated December 31, 2021, Coy, Inc.'s treasury stock account shows a balance of:

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?