Ch9_exclusions

Ch9_exclusions - 9-1CHAPTER 9 Inventories: Additional...

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Unformatted text preview: 9-1CHAPTER 9 Inventories: Additional Valuation Issues ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Lower of cost or market. 1, 2, 3, 4, 5, 6 1, 2, 3 1, 2, 3, 4, 5, 6 1, 2, 3, 9, 10 1, 2, 3 2. Inventory accounting changes; relative sales value method; net real-izable value. 7, 8 4 7, 8 7, 11 4 3. Purchase commitments. 9 5, 6 9, 10 9 4. Gross profit method. 10, 11, 12, 13 7 11, 12, 13, 14, 15, 16, 17 4, 5 5. Retail inventory method. 14, 15, 16 8 18, 19, 20, 22, 23, 26 6, 7, 8, 10, 11 4, 5, 6 6. Presentation and analysis. 17, 18 9 21 9 *7. LIFO retail. 19 10 22, 23 12, 13, 14 7 *8. Dollar-value LIFO retail. 11 24, 25, 26, 27 11, 13 *9. Special LIFO problems. 28 13, 14 *This material is discussed in an Appendix to the chapter. 9-2ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Describe and apply the lower-of-cost-or market rule. 1, 2, 3 1, 2, 3, 4, 5, 6 1, 2, 3, 9, 10 2. Explain when companies value inventories at net realizable value. 1, 2, 3 1, 2, 3, 4, 5, 6 1, 2, 3, 9, 10 3. Explain when companies use the relative sales value method to value inventories. 4 7, 8 4. Discuss accounting issues related to purchase commitments. 5, 6 9, 10 9 5. Determine ending inventory by applying the gross profit method. 7 11, 12, 13, 14, 15, 16, 17 4, 5 6. Determine ending inventory by applying the retail inventory method. 8 18, 19, 20 6, 7, 8 7. Explain how to report and analyze inventory. 9 21 9 *8. Determine ending inventory by applying the LIFO retail methods. 10, 11 22, 23, 24, 25, 26, 27, 28 11, 12, 13, 14 *This material is discussed in an Appendix to the chapter. 9-3ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E9-1 Lower-of-cost-or-market. Simple 1520 E9-2 Lower-of-cost-or-market. Simple 1015 E9-3 Lower-of-cost-or-market. Simple 1520 E9-4 Lower-of-cost-or-marketjournal entries. Simple 1015 E9-5 Lower-of-cost-or-marketvaluation account. Moderate 2025 E9-6 Lower-of-cost-or-marketerror effect. Simple 1015 E9-7 Relative sales value method. Simple 1520 E9-8 Relative sales value method. Simple 1217 E9-9 Purchase commitments. Simple 0510 E9-10 Purchase commitments. Simple 1520 E9-11 Gross profit method. Simple 813 E9-12 Gross profit method. Simple 1015 E9-13 Gross profit method. Simple 1520 E9-14 Gross profit method. Moderate 1520 E9-15 Gross profit method. Simple 1015 E9-16 Gross profit method. Simple 1520 E9-17 Gross profit method. Moderate 2025 E9-18 Retail inventory method. Moderate 2025 E9-19 Retail inventory method. Simple 1217 E9-20 Retail inventory method. Simple 2025 E9-21 Analysis of inventories. Simple 1015 *E9-22 Retail inventory methodconventional and LIFO. Moderate 2535 *E9-23 Retail inventory methodconventional and LIFO. Moderate 1520 *E9-24 Dollar-value LIFO retail. Simple 1015 *E9-25 Dollar-value LIFO retail. Dollar-value LIFO retail....
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This note was uploaded on 01/31/2010 for the course ECON 136A taught by Professor Anderson during the Winter '08 term at UCSB.

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Ch9_exclusions - 9-1CHAPTER 9 Inventories: Additional...

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