Financial Accounting Inventory Method Question And Answers Homework Help
Best UK USA UAE Australia Canada China Financial Accounting Inventory Method Question And Answers Homework Help Service Online
1.The following information is available from the company’s records in June 2013 for Product Z.
|6/1/2013 beginning inventory||1,000||$16.00|
|Purchase on 6/5/2013||2,700||$17.00|
|Purchase on 6/16/2013||2,500||$19.00|
|Purchase on 6/25/2013||1,000||$22.00|
|Purchase on 6/27/2013||1,800||$23.00|
A physical inventory on June 30, 2013 shows 2,000 units on hand (assume the company maintains periodic inventory). Show all supporting computations to calculate the cost of ending inventory at June 30, 2013 under each of the following inventory methods. Use the answer sheet provided.
2.The following information pertains to PVP Company
|Date||Ending inventory at end of year prices||Price Index|
a. Show supporting computations under the dollar value LIFO method to calculate the amount of ending inventory at December 31, 2011. Use the answer sheet provided.
b. Show supporting computations under the dollar value LIFO method to calculate the amount of ending inventory at December 31, 2012. Use the answer sheet provided.
3.On January 1, 2012, PVP Corp borrowed $2,900,000 (5-year note) at 9% payable annually, to finance the construction of a new building. In 2012, the company made the following expenditures related to this building
|July 31: 2,400,000||Dec 31: $1,500,000|
The company has two additional debts as follows:
|Ten year 10% bond dated 12-31-2007, interest payable annually||$3,000,000|
|Three year 8% note dated 6-30-2011, interest payable annually||$2,500,000|
Show all calculations for each of the following, using the answer sheet provided.
a. Weighted average accumulated expenditures
b. Avoidable interest
4.A&E Company exchanged asset A to acquire asset B from PVP Company. PVP paid $100,000 cash to A&E in this exchange. The following information pertains to the exchange
|Fair market value||1,555,000||1,455,000|
|Cash given by PVP||——||100,000|
Prepare a journal entry to record the exchange on the books of A&E Company assuming the exchange lacks commercial substance.
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to email@example.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email firstname.lastname@example.org should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to email@example.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
5.A&O Co. uses the LIFO retail inventory method to estimate its inventory for interim statement purposes. Information relating to the computation of the inventory at 7/31/2013 is as follows:
|Inventory, 1/1/13||$ 145,000||$ 280,000|
|Estimated normal shoplifting losses||14,000|
Show computation to determine the cost of estimated inventory at 7/31/2013 under the LIFO retail method. Use the answer sheet provided.
Product Code: ACC693
Looking for Financial Accounting Inventory Method Question And Answers Homework Help , please submit your details here with product code mentioned above.