Homework Answers
as per AS 2 inventory show in balance sheet =cost or NRV ( which ever is lower)
INVENTORY ITEM COST ($) NRV ($) SHOW IN BALANCESHEET
A 4,650 5,500 4,650
B 7,200 6,450 6,450
C 6,100 6,100 6,100
D 4,350 5000 4,350
E 8,100 9,300 8,100
F 9,250 8600 8,600
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You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value $4,650 $5,500 B 7200 6.550 C 6,100 6.100 D 4 ,100 5,000 8,050 9,400 F 1 9 .400 9,050 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: 3 Inventory
You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,700 $5,350 B 7,000 6,100 C 6,600 6,600 D 4,100 4,600 E 8,100 9,300 F. 9,350 8,850 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be:
Check my work points You are reviewing the records for you business and the accounting department...
Check my work points You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value $4,100 $5,350 B 7150 6.100 6.500 6.500 4,300 4,700 8,600 9,200 F 9,450 8,500 eBook When the financial statements are prepared and assuring the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: Print A B C D References 3 Inventory
You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,850 $5,350 B 7,200 6,500 С 6,900 6,900 D 4,350 4,650 E 8,400 9,000 F 9,450 9,200 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B С D E 1 2 Inventory = 3...
You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,300 $5,450 B 7,200 6,550 С 6,500 6,500 4,150 4,850 E 8,300 9,400 F 9,250 9,200 D When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B с D E 1 2 3 Inventory 4...
You are reviewing the records for you business and the accounting department has given you the...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item 1 M arket Value $4,300 $5,350 7,400 6,100 с | 6,800 6,800 D 4.450 4,950 8,250 8,900 9,500 8,900 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B I c I o I 3 Inventory = 10
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value А $4,250 $5,350 B 7,250 6,000 С 6,900 6,900 D 4,350 4,750 E 8,500 9,000 F 9,350 8,700 When the financial statements are prepared and assuming the accounting department...
The cost accounting department has asked you to check their EoQ figures. You have been given...
The cost accounting department has asked you to check their EoQ figures. You have been given the following data: demand is 16,728 units per quarter, S = $120 per setup, P = $5 per unit, and I = 25% per unit per year, 600-3,017 units. Calculate total annual inventory costs including setup, holding and product cost. Excel Access QUESTION 33 The graph below plots two different types of cost as a function of the order quantity in the EOQ model....
Delta Mountain Supplies has been in business for three months. The company was formed by two...
Delta Mountain Supplies has been in business for three months. The company was formed by two outdoor enthusiasts to produce high quality sleeping bags, which can used in all kinds of weather conditions. The owners of the company were well skilled in production and had developed an excellent relationship with a boutique store that specializes in selling outdoor equipment. The administration work and the accounting have been managed by the brother of one of the owner’s. The brother had a...
The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule prese...
The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (FV of S1, PV of S1. EVA of S1. PVA of S1, FVAD of $1 and PVAD...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value $4,650 $5,500 B 7200 6.550 C 6,100 6.100 D 4 ,100 5,000 8,050 9,400 F 1 9 .400 9,050 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: 3 Inventory
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,700 $5,350 B 7,000 6,100 C 6,600 6,600 D 4,100 4,600 E 8,100 9,300 F. 9,350 8,850 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be:
Check my work points You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value $4,100 $5,350 B 7150 6.100 6.500 6.500 4,300 4,700 8,600 9,200 F 9,450 8,500 eBook When the financial statements are prepared and assuring the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: Print A B C D References 3 Inventory
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,850 $5,350 B 7,200 6,500 С 6,900 6,900 D 4,350 4,650 E 8,400 9,000 F 9,450 9,200 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B С D E 1 2 Inventory = 3...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value A $4,300 $5,450 B 7,200 6,550 С 6,500 6,500 4,150 4,850 E 8,300 9,400 F 9,250 9,200 D When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B с D E 1 2 3 Inventory 4...
You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item 1 M arket Value $4,300 $5,350 7,400 6,100 с | 6,800 6,800 D 4.450 4,950 8,250 8,900 9,500 8,900 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: A B I c I o I 3 Inventory = 10
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value А $4,250 $5,350 B 7,250 6,000 С 6,900 6,900 D 4,350 4,750 E 8,500 9,000 F 9,350 8,700 When the financial statements are prepared and assuming the accounting department...
The cost accounting department has asked you to check their EoQ figures. You have been given the following data: demand is 16,728 units per quarter, S = $120 per setup, P = $5 per unit, and I = 25% per unit per year, 600-3,017 units. Calculate total annual inventory costs including setup, holding and product cost. Excel Access QUESTION 33 The graph below plots two different types of cost as a function of the order quantity in the EOQ model....
The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (FV of S1, PV of S1. EVA of S1. PVA of S1, FVAD of $1 and PVAD...
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