(Answered) Question - city shoes insurance expense for the year

Accounting

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:

Book value of inventory and equipment:

1. Women's Shoes$79,800

2. Men's Shoes 69,300

3. Children's Shoes 60,900

Compute the amount of insurance expense allocated to the women's shoes, men's shoes, and children's shoes department.

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