Chapter 6 B SolutionsWord格式文档下载.docx
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Chapter 6 B SolutionsWord格式文档下载.docx
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30@$350=$10,500
320@$350=$112,000
May17
80@$450=$36,000
320@$350
80@$450=$148,000
May25
100@$458=$45,800
80@$450
100@$458=$193,800
May30
300@$350=$105,000
20@$350
100@$458=$88,800
$160,500
Problem6-1B(Continued)
3b.LIFOperpetual
180@$350=$63,000
150@$300
170@$350=$104,500
170@$350
80@$450=$140,500
100@$458=$186,300
80@$450=$36,000
120@$350=$42,000
50@$350=$62,500
$186,800
3c.WeightedAverageperpetual
(avg.=$335)
180@$335=$60,300
320@$335=$107,200
320@$335
80@$450=$143,200
(avg.=$358)
100@$458=$189,000
(avg.=$378)
300@$378=$113,400
200@$378=$75,600
$173,700
3d.SpecificIdentification
80@$300=$24,000
100@$350=$35,000
70@$300
250@$350=$108,500
250@$350
80@$450=$144,500
100@$458=$190,300
200@$350=$70,000
50@$350
80@$450=$74,500
$174,800
4.
FIFO
LIFO
Weighted
Average
Specific
Identifi-cation
Sales*
$636,000
Costofgoodssold
160,500
186,800
173,700
174,800
Grossprofit
$475,500
$449,200
$462,300
$461,200
*Sales=(180unitsx$1,200)+(300unitsx$1,400)=$636,000
Problem6-2B(40minutes)
520units@$45=
$23,400
Jan.10
350units@$50=
17,500
Feb.13
200units@$51=
10,200
July21
260units@$52=
13,520
Aug.5
595units@$53=
31,535
1,925units
$96,155
1,925
Unitssold(given)
1,280
EndingInventory
645
Problem6-2B(Continued)
1/1
520@$45=$23,400
1/10
350@$50=$17,500
520@$45
350@$50=$40,900
2/13
200@$51=$10,200
520@$45
350@$50=$51,100
200@$51
2/15
520@$45
100@$50=$28,400
250@$50
200@$51=$22,700
7/21
260@$52=$13,520
200@$51=$36,220
260@$52
8/5
595@$53=$31,535
260@$52=$67,755
595@$53
8/10
250@$50
200@$51=$33,620
210@$52_______
50@$52
595@$53=$34,135
$62,020
AlternateFIFOsolutionformat
$96,155
CostofGoodsSold
520@$45
$23,400
100@50
5,000
250@50
12,500
200@51
210@52
10,920
1,280
Totalcostofgoodssold
62,020
$34,135
ProofofEndingInventory
$2,600
645units
350@$50=$17,500
200@$51=$10,200
200@$51
350@$50=$30,850
70@$45
450@$45=$20,250
260@$52=$13,520
450@$45
260@$52=$33,770
595@$53=$31,535
260@$52=$65,305
595@$53
65@$52=$34,915
450@$45
195@$52=$30,390
$65,765
AlternateLIFOsolutionformat
200@$51
$10,200
350@50
70@45
3,150
595@53
31,535
65@52
3,380
CostofGoodsSold
65,765
$30,390
450@$45
$20,250
195@$52
10,140
3c.SpecificIdentification
415@$45
$18,675
210@50
10,500
95@51
4,845
10,920
350@53
18,550
1,280
63,490
Endinginventory
$32,665
105@$45
$4,725
140@50
7,000
105@51
5,355
50@52
2,600
245@53
12,985
Endinginventory645Units
3d.WeightedAverage
520@$45.00=$23,400
520@$45.00
350@$50.00=$40,900
(avg.costis$47.011*)
520@$45.00
350@$50.00=$51,100
200@$51.00
(avg.costis$47.757*)
620@$47.757=$29,609**
450@$47.757*=$21,491**
450@$47.757*
260@$52.00=$35,011**
(avg.costis$49.311*)
450@$47.757*
260@$52.00=$66,546**
595@$53.00
(avg.costis$50.993*)
660@$50.993=$33,655**
645@$50.993*=$32,890**
$63,265***
*roundedtothreedecimals
**roundedtonearestdollar
***adjustedto$63,265(from$63,264)sothatCOGSplusEIequalsgoodsavailable
Identifica-tion
Sales(1,280x$75)
$96,000
63,265
$33,980
$30,235
$32,510
$32,735
5.ThemanagerlikelywillprefertheFIFOmethodbecauseitwouldyieldthelargestgrossprofit.Thiswouldgivethemanagerthehighestbonusbasedongrossprofit.
Problem6-3B(50minutes)
PerUnit
Total
LCMappliedto
InventoryItems
Units
Cost
Market
Market
Items
Categories
Whole
Officefurniture
Desks
376
$231
$239
$86,856
$89,864
Credenzas
280
198
207
55,440
57,960
Chairs
725
36
33
26,100
23,925
Bookshelves
218
103
99
22,454
21,582
21,582
Subtotal
190,850
193,331
$190,850
Filingcabinets
Two-drawer
136
85
82
11,560
11,152
Four-drawer
317
129
126
40,893
39,942
Lateral
92
114
118
10,488
10,856
10,488
62,941
61,950
61,950
Officeequipment
Faxmachines
352
55
65
19,360
22,880
Copiers
430
405
396
174,150
170,280
Telephones
515
63
61
32,445
31,415
31,415
225,955
224,575
_______
Total
$479,746
$479,856
$470,440
$477,375
a.Lowerofcostormarketfortheinventoryasawhole=$479,746
b.Lowerofcostormarketfortheinventorybymajorcategory=$477,375
c.Lowerofcostormarketforinventoryappliedseparately=$470,440
Problem6-4B(35minutes)
Part1
(a)
Costofgoodssold
2008
2009
2010
Reported
$615,000
$957,000
$786,000
Adjustments:
12/31/2008error
+64,000
-64,000
12/31/2009error
_________
-35,000
+35,000
Corrected
$679,000
$858,000
$821,000
(b)
Netincome
$225,000
$285,000
$244,000
_________
$161,000
$384,000
$209,000
(c)
Totalcurrentassets
$1,251,000
$1,360,000
$1,265,000
-64,000
$1,187,000
$1,395,000
(d)
Equity
$1,387,000
$1,520,000
$1,250,000
12/31/
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