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ch_8(solution) - CHAPTER 8 Valuation of Inventories: A Cost...

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CHAPTER 8 Valuation of Inventories: A Cost Basis Approach 1. ASSIGNMENT CLASSIFICATION TABLE 2. Topics Questions Brief Exercises Exercises Problems Cases 1. Inventory accounts; determining quantities, costs, and items to be included in inventory; the inventory equation; balance sheet disclosure. 1, 2, 3, 4, 5, 6, 8, 9 1, 3 1, 2, 3, 4, 5, 6, 10 1, 2, 3 1, 2, 3, 5, 11 2. Perpetual vs. periodic. 2 9, 13, 14, 17 4, 5, 6 3. Recording of discounts. 10, 11 7, 8 3 4 4. Inventory errors. 7 4 2, 3, 4, 5, 10, 11, 12 2 5. Flow assumptions. 12, 13, 16, 18, 20 5, 6, 7 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 1, 4, 5, 6, 7 5, 6, 7, 8 6. Inventory accounting changes. 18 7 6, 7, 10 7. Dollar-value LIFO methods. 14, 15, 17, 18, 19 8, 9 23, 24, 25, 26 1, 8, 9, 10, 11 8, 9 1. 8- 1
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3. ASSIGNMENT CHARACTERISTICS TABLE 4. 5. I t e m 6. 7. Description 8. Level of Diffic ulty 9. Time (min utes) 10. E 8 - 1 11. 12. Inventoriable costs. 13. Mod erate 15-20 14. E 8 - 2 15. 16. Inventoriable costs. 17. Mod erate 18. 10-15 19. E 8 - 3 20. 21. Inventoriable costs—perpetual 22. Simp le 23. 10-15 24. E 8 - 4 25. 26. Inventoriable costs. 27. Simp le 28. 10-15 29. E 8 - 5 30. 31. Inventoriable costs—error adjustments. 32. Mod erate 33. 15-20 34. E 8 - 6 35. 36. Determining merchandise amounts—periodic. 37. Simp le 38. 10-20 39. E 8 - 7 40. Purchases recorded net. 41. Simp le 42. 10-15 43. E 8 - 8 44. Purchases recorded, gross method. 45. Simp le 46. 20-25 47. E 8 - 9 48. 49. Periodic versus perpetual entries. 50. Mod erate 51. 15-25 52. E 8 53. 54. Inventory errors, periodic. 55. Simp le 56. 10-15 2
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- 1 0 57. E 8 - 1 1 58. 59. Inventory errors. 60. Simp le 61. 10-15 62. E 8 - 1 2 63. 64. Inventory errors. 65. Mod erate 66. 15-20 67. E 8 - 1 3 68. 69. FIFO and LIFO—periodic and perpetual. 70. Mod erate 71. 15-20 72. E 8 - 1 4 73. 74. FIFO, LIFO and average cost determination. 75. Mod erate 76. 20-25 77. E 8 - 1 5 78. 79. FIFO, LIFO, average cost inventory. 80. Mod erate 81. 15-20 82. E 8 - 1 6 83. 84. Compute FIFO, LIFO, average cost—periodic. 85. Mod erate 86. 15-20 87. E 8 - 1 7 88. 89. FIFO and LIFO; periodic and perpetual. 90. Simp le 91. 10-15 92. E 8 - 1 8 93. 94. FIFO and LIFO; income statement presentation. 95. Simp le 96. 15-20 97. E 8 - 98. 99. FIFO and LIFO effects. 100. Moderat e 101. 15-20 1. 8- 3
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9 102 . E 8 - 2 0 10 3. 104. FIFO and LIFO—periodic. 105. Simple 106. 10-15 107 . E 8 - 2 1 10 8. 109. LIFO effect. 110. Moderat e 111. 10-15 112 . E 8 - 2 2 11 3. 114. Alternate inventory methods— comprehensive. 115. Moderat e 116. 25-30 117 . E 8 - 2 3 11 8. 119. Dollar-value LIFO. 120. Simple 121. 5-10 122 . E 8 - 2 4 12 3. 124. Dollar-value LIFO. 125. Simple 126. 15-20 127 . E 8 - 2 5 12 8. 129. Dollar-value LIFO. 130. Moderat
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This note was uploaded on 04/24/2008 for the course ACC 313 taught by Professor Lewis during the Fall '08 term at Creighton.

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ch_8(solution) - CHAPTER 8 Valuation of Inventories: A Cost...

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