intermediate accountingfifteenth edition ch08Word文档格式.docx

intermediate accountingfifteenth edition ch08Word文档格式.docx

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1,2,3,

4,5,6

1,2,3

1,2,3,5

2.

Perpetualvs.periodic.

2

9,13,

17,20

3.

Recordingofdiscounts.

10,11

7,8

3

4

4.

Inventoryerrors.

7

5,10,

11,12

5.

Flowassumptions.

12,13,16,18,20

5,6,7

9,13,14,15,16,17,18,19,20,21,22

1,4,5,

6,7

5,6,7,8,11

6.

Inventoryaccountingchanges.

18

6,7,10

7.

Dollar-valueLIFOmethods.

14,15,17,18,19

8,9

22,23,24,

25,26

1,8,9,

ASSIGNMENTCLASSIFICATIONTABLE（BYLEARNINGOBJECTIVE）

LearningObjectives

ConceptsforAnalysis

1.Identifymajorclassificationsofinventory.

1

2.Distinguishbetweenperpetualandperiodicinventorysystems.

4,9,13,17

3.Determinethegoodsincludedininventoryand

theeffectsofinventoryerrorsonthefinancialstatements.

4,5,6,7

5,10,11,12

CA8-3,CA8-5

4.Understandtheitemstoincludeasinventorycost.

8

5,6,7,8

CA8-1,CA8-2,CA8-4

5.Describeandcomparethecostflowassumptionsusedtoaccountforinventories.

9,10,11,12

9,13,14,15,16,17,18,19,20,22

1,4,5,6,7

CA8-6,CA8-7,CA8-10

6.ExplainthesignificanceanduseofaLIFOreserve.

13,18

21

CA8-11

7.UnderstandtheeffectofLIFOliquidations.

20

8.Explainthedollar-valueLIFOmethod.

14,15,17,19

22,23,24,25,26

CA8-9

9.Identifythemajoradvantagesanddisadvantages

ofLIFO.

16

CA8-6,CA8-8,CA8-10

10.Understandwhycompaniesselectgiveninventorymethods.

ASSIGNMENTCHARACTERISTICSTABLE

Item

Description

LevelofDifficulty

Time

（minutes）

E8-1

Inventoriablecosts.

Moderate

15–20

E8-2

10–15

E8-3

Simple

E8-4

Inventoriablecosts—perpetual.

E8-5

Inventoriablecosts—erroradjustments.

Moderate

E8-6

Determiningmerchandiseamounts—periodic.

10–20

E8-7

Purchasesrecordednet.

E8-8

Purchasesrecorded,grossmethod.

20–25

E8-9

Periodicversusperpetualentries.

15–25

E8-10

Inventoryerrors—periodic.

E8-11

E8-12

E8-13

FIFOandLIFO—periodicandperpetual.

E8-14

FIFO,LIFOandaverage-costdetermination.

E8-15

FIFO,LIFO,average-costinventory.

E8-16

ComputeFIFO,LIFO,average-cost—periodic.

E8-17

E8-18

FIFOandLIFO;

incomestatementpresentation.

E8-19

FIFOandLIFOeffects.

E8-20

FIFOandLIFO—periodic.

E8-21

LIFOeffect.

E8-22

Alternateinventorymethods—comprehensive.

25–30

E8-23

Dollar-valueLIFO.

5–10

E8-24

E8-25

E8-26

P8-1

Variousinventoryissues.

30–40

P8-2

Inventoryadjustments.

25–35

P8-3

Purchasesrecordedgrossandnet.

P8-4

ComputeFIFO,LIFO,andaverage-cost.

Complex

40–55

P8-5

P8-6

ComputeFIFO,LIFO,andaverage-cost—periodic

andperpetual.

P8-7

FinancialstatementeffectsofFIFOandLIFO.

P8-8

P8-9

Internalindexes—dollar-valueLIFO.

P8-10

30–35

P8-11

40–50

ASSIGNMENTCHARACTERISTICSTABLE（Continued）

CA8-1

CA8-2

CA8-3

CA8-4

Accountingtreatmentofpurchasediscounts.

CA8-5

Generalinventoryissues.

CA8-6

LIFOinventoryadvantages.

CA8-7

Average-cost,FIFO,andLIFO.

CA8-8

LIFOapplicationandadvantages.

Dollar-valueLIFOissues.

CA8-10

FIFOandLIFO.

LIFOChoices

SOLUTIONSTOCODIFICATIONEXERCISES

CE8-1

（a）Inventoryistheaggregateofthoseitemsoftangiblepersonalpropertythathaveanyofthefollowingcharacteristics:

a.Heldforsaleintheordinaryofbusiness.

b.Toprocessofproductionforsuchsale.

c.Tobecurrentlyconsumedintheproductionofgoodsorservicestobeavailableforsale.

Theterminventoryembracesgoodsawaitingsale（themerchandiseofatradingconcernandthefinishedgoodsofamanufacturer）,goodsinthecourseofproduction（workinprocess）,andgoodstobeconsumeddirectlyorindirectlyinproduction（rawmaterialsandsupplies）.Thisdefinitionofinventoriesexcludeslong-termassetssubjecttodepreciationaccounting,orgoodswhich,whenputintouse,willbesoclassified.Thefactthatadepreciableassetisretiredfromregularuseandheldforsaledoesnotindicatethattheitemshouldbeclassifiedaspartoftheinventory.Rawmaterialsandsuppliespurchasedforproductionmaybeusedorconsumedfortheconstructionoflong-termassetsorotherpurposesnotrelatedtoproduction,butthefactthatinventoryitemsrepresentingasmallportionofthetotalmaynotbeabsorbedultimatelyintheproductionprocessdoesnotrequireseparateclassification.Bytradepractice,operatingmaterialsandsuppliesofcertaintypesofentitiessuchasoilproducersareusuallytreatedasinventory.

（b）Acustomerisareselleroraconsumer,eitheranindividualorabusinessthatpurchasesavendor’sproductsorservicesforenduseratherthanforresale.Thisdefinitionisconsistentwithparagraph280-10-50-42,whichstatesthatagroupofentitiesknowntoareportingentitytobeundercommoncontrolshallbeconsideredasasinglecustomer,andthefederalgovernment,astategovernment,alocalgovernment（forexample,acountryormunicipality）,oraforeigngovernmenteachshallbeconsideredasasinglecustomer.

（c）Customerincludesanypurchaserofthevendor’sproductsatanypointalongthedistributionchain,regardlessofwhetherthepurchaseracquiresthevendor’sproductsdirectlyorindirectly（forexample,fromadistributor）fromthevendor.Forexample,avendormaysellitsproductstoadistributorwhointurnresellstheproductstoaretailer.Inthatexample,theretailer—notthedistributor—isacustomerofthevendor.

（d）Aproductfinancingarrangementisatransactioninwhichanentitysellsandagreestorepurchaseinventorywiththerepurchasepriceequaltotheoriginalsalepricepluscarryingandfinancingcosts,orothersimilartransactions.

CE8-2

AccordingFASBASC605-45-45-19through21[ShippingandHandlingFeesandCosts]:

45-19Manysellerschargecustomersforshippingandhandlinginamountsinamountsthatexceedtherelatedcostsincurred.Thecomponentsofshippingandhandlingcosts,andthedeterminationoftheamountsbilledtocustomersforshippingandhandling,maydifferfromentitytoentity.Someentitiesdefineshippingcostsandhandlingcostsasonlythosecostsincurredforathird-partyshippertotransportproductstothecustomer.Otherentitiesincludeasshippingandhandlingcostsaportionofinternalcosts,forexample,salariesandoverheadrelatedtotheactivitiestopreparegoodsforshipment.Inaddition,someentitieschargecustomersonlyforamountsthatareadirectreimbursementforshippingand,ifdiscernible,directincrementalhandlingcosts;

however,manyotherentitieschargecustomersforshippingandhandlinginamountsthatarenotadirectpass-throughofcosts.

CE8-2（Continued）

45-20Forthoseentitiesthatdetermineundertheindicatorslistedinparagraphs605-45-45-4through45-18thatshippingandhandlingfeesshallbereportedgross,allamountsbilledtoacustomerinasaletransactionrelatedtoshippingandhandlingrepresentrevenuesearnedforthegoodsprovidedandshallbeclassifiedasrevenue.

45-21Also,shippingandhandlingcostsshallnotbedeductedfromrevenues（thatis,nettedagainstshippingandhandlingrevenues）.

CE8-3

FASBASC330-10-35-1and15withrespecttoadjustmentstoLowerofCostorMarket:

35-1Adeparturefromthecostbasisofpricingtheinventoryisrequiredwhentheutilityofthegoodsisnolongerasgreatastheircost.Wherethereisevidencethattheutilityofgoods,intheirdisposalintheordinarycourseofbusiness,willbelessthancost,whetherduetophysicaldeterioration,obsolescence,changesinpricelevels,orothercauses,thedifferenceshallberecognizedasalossofthecurrentperiod.Thisisgenerallyaccomplishedbystatingsuchgoodsatalowerlevelcommonlydesignatedasmarket.

WithrespecttoStatingInventoriesAboveCost:

35-15Onlyinexceptionalcasesmayinventoriesproperlybestatedabovecost.Forexample,preciousmetalshavingafixedmonetaryvaluewithnosu