ch08solution - CHAPTER 8 Valuation of Inventories: A Cost...

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Unformatted text preview: CHAPTER 8 Valuation of Inventories: A Cost Basis Approach ASSIGNMENT CLASSIFICATION TABLE 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 8-1 ASSIGNMENT CHARACTERISTICS TABLE 8-2 It e m Description Level of Difficu lty Time (minut es) E 8- 1 Inventoriable costs. Moder ate 15-20 E 8- 2 Inventoriable costs. Moder ate 10-15 E 8- 3 Inventoriable costsperpetual Simple 10-15 E 8- 4 Inventoriable costs. Simple 10-15 E 8- 5 Inventoriable costserror adjustments. Moder ate 15-20 E 8- 6 Determining merchandise amountsperiodic. Simple 10-20 E 8- 7 Purchases recorded net. Simple 10-15 E 8- 8 Purchases recorded, gross method. Simple 20-25 E 8- 9 Periodic versus perpetual entries. Moder ate 15-25 E 8- 10 Inventory errors, periodic. Simple 10-15 E 8- 11 Inventory errors. Simple 10-15 E 8- 12 Inventory errors. Moder ate 15-20 E 8- 13 FIFO and LIFOperiodic and perpetual. Moder ate 15-20 8-3 E 8- 14 FIFO, LIFO and average cost determination. Moder ate 20-25 E 8- 15 FIFO, LIFO, average cost inventory. Moder ate 15-20 E 8- 16 Compute FIFO, LIFO, average costperiodic. Moder ate 15-20 E 8- 17 FIFO and LIFO; periodic and perpetual. Simple 10-15 E 8- 18 FIFO and LIFO; income statement presentation. Simple 15-20 E 8- 19 FIFO and LIFO effects. Moder ate 15-20 E 8- 20 FIFO and LIFOperiodic. Simple 10-15 E 8- 21 LIFO effect. Moder ate 10-15 E 8- 22 Alternate inventory methodscomprehensive. Moder ate 25-30 E 8- 23 Dollar-value LIFO. Simple 5-10 E 8- 24 Dollar-value LIFO. Simple 15-20 E 8- 25 Dollar-value LIFO. Moder ate 20-25 E 8- 26 Dollar-value LIFO. Moder ate 15-20 P 8- 1 Various inventory issues. Moder ate 30-40 P 8- 2 Inventory adjustments. Moder ate 25-35 8-4 P 8- 3 Purchases recorded gross and net. Simple 20-25 P 8- 4 Compute FIFO, LIFO, and average costperiodic and perpetual. Compl ex 40-55 P 8- 5 Compute FIFO, LIFO, and average costperiodic and perpetual. Compl ex 40-55 P 8- 6 Compute FIFO, LIFO, and average costperiodic and perpetual. Moder ate 25-35 P 8- 7 Financial statement effects of FIFO and LIFO. Moder ate 30-40 P 8- 8 Dollar-value LIFO. Moder ate 30-40 8-5 ASSIGNMENT CHARACTERISTICS TABLE (Continued) It e m Description Level of Difficu lty Time (minut es) P 8- 9 Internal indexesdollar-value LIFO. Moder ate 25-35 P 8- 10 Internal indexesdollar-value LIFO. Compl ex 30-35 P 8- 11 Dollar-value LIFO. Moder ate 40-50 C 8- 1...
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ch08solution - CHAPTER 8 Valuation of Inventories: A Cost...

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