Chapter 9

# Chapter 9 - Student Name Loreal Class Problem 09-01 HINT...

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Student Name: Loreal Class: Problem 09-01 HINT: Sales commission is the same thing as a disposal cost. THE DECKER COMPANY Inventory Requirement 1: Designated Market Inventory Product Quantity RC NRV NRV-NP Value Cost Value A 1,000 \$12,000 \$13,600 \$7,200 \$12,000 \$10,000 \$10,000 B 800 8,800 12,240 6,480 8,800 12,000 8,800 C 600 1,200 4,080 2,160 2,160 1,800 1,800 D 200 800 1,020 540 800 1,400 800 E 600 7,200 6,630 3,510 6,630 8,400 6,630 Totals \$30,390 \$33,600 \$28,030 Inventory carrying value: \$28,030 Requirement 2: Inventory carrying value: \$30,390 Loss from inventory write-down: \$3,210 «- Correct!

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Given Data P09-01: THE DECKER COMPANY Unit Unit Unit Selling Product Quantity Cost RC Price A 1,000 \$10 \$12 \$16 B 800 15 11 18 C 600 3 2 8 D 200 7 4 6 E 600 14 12 13 Sales commission 15% Normal profit percentage 40%
Student Name: Class: Problem 09-05 Requirement 1: ALQUIST COMPANY Conventional Retail Method Cost Retail Beginning inventory Plus: Purchases Freight in Plus: Net markups Cost to retail percentage: Less: Net markdowns Goods available for sale Less: Normal shrinkage Sales: Sales to customers Sales to employees Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Requirement 2: ALQUIST COMPANY LIFO Retail Method Cost Retail Beginning inventory

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## This note was uploaded on 08/23/2010 for the course BUSA 5061 taught by Professor Billpollard during the Spring '09 term at King College.

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Chapter 9 - Student Name Loreal Class Problem 09-01 HINT...

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