City Shoe's insurance expense for the year totaled $8,600 and is to be allocated on the basis of the book value of inventory and equipment in each department. Using the financial data given below; compute the amount allocated to each department.
Book value of inventory and equipment:
(1.)Women's Shoes, $79,800
(2.)Men's Shoes, $69,300
(3.)Children's Shoes, $60,900

Question

City Shoe's insurance expense for the year totaled $8,600 and is to be allocated on the basis of the book value of inventory and equipment in each department. Using the financial data given below; compute the amount allocated to each department.
Book value of inventory and equipment: 
(1.)Women's Shoes, $79,800
(2.)Men's Shoes, $69,300
(3.)Children's Shoes, $60,900

Quizplus · Accepted Answer

The Answer of City Shoe's insurance expense for the year totaled $8,600 and is to be allocated on the basis of the book value of inventory and equipment in each department. Using the financial data given below; compute the amount allocated to each department.
Book value of inventory and equipment: 
(1.)Women's Shoes, $79,800
(2.)Men's Shoes, $69,300
(3.)Children's Shoes, $60,900

City Shoe's Insurance Expense for the Year Totaled $8,600 and Is