FINAL INTEGRATION EXERCISE MGT 351 - FA2019 Rocky Mountain Bikes (RMB) has sent a purchase order to GBI for the following: Qty Material Description 42 DXTR3000 Deluxe Touring Bike (red) 70 RHMT1000 Road Helmet Assumptions 1. The San Diego plant has 10 Red Deluxe Touring Bikes valued at a standard price of $1,600 each. 2. The Dallas plant currently does not have any touring bikes in inventory. a. When it does have these bikes, the price is also $1600. 3. The Dallas plant has 200 aluminum wheel assemblies that are needed to produce touring bikes. a. The standard price for these wheel assemblies is $120. 4. There are NO Road Helmets in stock. a. The standard price for Road Helmets is $22. 5. All rawmaterials needed to make the touring bikes are to be supplied by Space Bike Composites. a. Raw material costs are $480 per bike. 6. All trading goods can be purchased from Road Warrior Products 7. GBI purchases and produces its materials is specified lot sizes. a. Raw materials are purchased in lots sizes of 250 b. Trading goods are purchased in lots sizes of 120. c. Bikes are produced in lot sizes of 75. 8. GBI sells these bikes for $3,000 each and road helmets for $48. 9. Bikes are produced in Dallas and shipped to San Diego via STO. 10. Helmets may be purchased directly to San Diego. Complete accounting postings as reviewed in class for the integrated activities involved in the following processes: Fulfillment Procurement Production GR/IR Revenue Cash-Bank 250,000.00 A/R Recon COGS FG Inventory 16,000.00 TG Inventory A/P Recon SFG Consumption Exp Production Order (CO) RM Inventory RM Consumption Exp Mfg Output Settlement SFG Inventory 24,000.00 Rock Mountain Bikes Road Warrior Products Space Bike Composites Balance Sheet Sub-Ledgers FINAL INTEGRATION EXERCISE MGT 351 - FA2019 Rocky Mountain Bikes (RMB) has sent a purchase order to GBI for the following: Qty Material Description 42 DXTR3000 Deluxe Touring Bike (red) 70 RHMT1000 Road Helmet Assumptions 1. The San Diego plant has 10 Red Deluxe Touring Bikes valued at a standard price of $1,600 each. 2. The Dallas plant currently does not have any touring bikes in inventory. a. When it does have these bikes, the price is also $1600. 3. The Dallas plant has 200 aluminum wheel assemblies that are needed to produce touring bikes. a. The standard price for these wheel assemblies is $120. 4. There are NO Road Helmets in stock. a. The standard price for Road Helmets is $22. 5. All rawmaterials needed to make the touring bikes are to be supplied by Space Bike Composites. a. Raw material costs are $480 per bike. 6. All trading goods can be purchased from Road Warrior Products 7. GBI purchases and produces its materials is specified lot sizes. a. Raw materials are purchased in lots sizes of 250 b. Trading goods are purchased in lots sizes of 120. c. Bikes are produced in lot sizes of 75. 8. GBI sells these bikes for $3,000 each and road helmets for $48. 9. Bikes are produced in Dallas and shipped to San Diego via STO. 10. Helmets may be purchased directly to San Diego. Complete accounting postings as reviewed in class for the integrated activities involved in the following processes: Fulfillment Procurement Production GR/IR Revenue Cash-Bank 250,000.00 A/R Recon COGS FG Inventory 16,000.00 TG Inventory A/P Recon SFG Consumption Exp Production Order (CO) RM Inventory RM Consumption Exp Mfg Output Settlement SFG Inventory 24,000.00 Rock Mountain Bikes Road Warrior Products Space Bike Composites Balance Sheet Sub-Ledgers
