Assignment 5 (Chapter 9) (Total Possible Points: 100)
You can turn in either typed or handwritten homework.
UNLIKE PREVIOUS ASSIGNMENTS,
PLEASE SUBMIT YOUR ANSWERS
USING THE ANSWER SHEET
AT THE END OF THE ASSIGNMENT.
DO NOT SUBMIT
A COPY OF THE ASSIGNMENT WITH YOUR
Be sure the different problems and answers are clearly marked. If a multipart question,
make sure it is clear which part the answer relates to. In addition, make sure to circle,
highlight, or double underline your final answers.
If you make it too difficult to find the
answer within your work, I will not count the answer correct. If you have multiple answers, I will
not count it correct even if one of the answers is correct. Staple multiple pages together and make
sure your name is on each page. If pages come loose without a name, the grading will be only on
what is left attached.
Do not submit the assignment questions – just pages A1-A4, or use
notebook paper to follow the format of the answer sheets.
Show your work
throughout. If your answer is wrong, I will award partial credit if you show
work to support your answers.
Round dollar amounts to the nearest cent ($3,500.0372
$3,500.04). Round percentages to the second decimal place (e.g. 35.027956%
*****Don’t forget to use the Chapter 9 notes for help in answering the questions
Suppose that Dom began a landscaping business in 2017. In that year, he adopted
the last-in first-out (LIFO) inventory-flow method for his business inventory of
shrubbery by using it for the year on his tax return.
In 2017, he purchased the following four batches of shrubs in 2017 (total cost per
Other Inventoriable Costs