Ch09 - CHAPTER 9 Inventories: Additional Valuation Issues...

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9-1 CHAPTER 9 Inventories: Additional Valuation Issues ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 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.
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9-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E9-1 Lower of cost or market. Simple 15-20 E9-2 Lower of cost or market. Simple 10-15 E9-3 Lower of cost or market. Simple 15-20 E9-4 Lower of cost or market—journal entries. Simple 10-15 E9-5 Lower of cost or market—valuation account. Moderate 20-25 E9-6 Lower of cost or market—error effect. Simple 10-15 E9-7 Relative sales value method. Simple 15-20 E9-8 Relative sales value method. Simple 12-17 E9-9 Purchase commitments. Simple 05-10 E9-10 Purchase commitments. Simple 15-20 E9-11 Gross profit method. Simple 8-13 E9-12 Gross profit method. Simple 10-15 E9-13 Gross profit method. Simple 15-20 E9-14 Gross profit method. Moderate 15-20 E9-15 Gross profit method. Simple 10-15 E9-16 Gross profit method. Simple 15-20 E9-17 Gross profit method. Moderate 20-25 E9-18 Retail inventory method. Moderate 20-25 E9-19 Retail inventory method. Simple 12-17 E9-20 Retail inventory method. Simple 20-25 E9-21 Analysis of inventories—turnover and days to sell. Simple 10-15 *E9-22 Retail inventory method—conventional and LIFO. Moderate 25-35 *E9-23 Retail inventory method—conventional and LIFO. Moderate 15-20 *E9-24 Dollar-value LIFO retail. Simple 10-15 *E9-25 Dollar-value LIFO retail. Simple 5-10 *E9-26 Conventional retail and dollar-value LIFO retail. Moderate 20-25 *E9-27 Dollar-value LIFO retail. Moderate 20-25 *E9-28 Change to LIFO retail. Simple 10-15 P9-1 Lower of cost or market. Simple 10-15 P9-2 Lower of cost or market. Moderate 25-30 P9-3 Entries for lower of cost or market—direct and allowance. Moderate 30-35 P9-4 Gross profit method. Moderate 20-30 P9-5 Gross profit method. Complex 40-45 P9-6 Retail inventory method. Moderate 20-30 P9-7 Retail inventory method. Moderate 20-30
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9-3 ASSIGNMENT CHARACTERISTICS TABLE (Continued) Item Description Level of Difficulty Time (minutes) P9-8 Retail inventory method. Moderate 20-30 P9-9 Statement and note disclosure, LCM, and purchase commitment. Moderate 30-40 P9-10 Lower of cost or market. Moderate 30-40 *P9-11 Conventional and dollar-value LIFO retail. Moderate 30-35 *P9-12 Retail, LIFO retail, and inventory shortage. Moderate 30-40 *P9-13 Change to LIFO retail. Moderate 30-40 *P9-14 Change to LIFO retail; dollar-value LIFO retail. Complex 40-50 C9-1 Lower of cost or market. Moderate 15-25 C9-2 Lower of cost or market—ethics Moderate 20-30 C9-3 Lower of cost or market. Moderate 15-20 C9-4 Retail inventory method. Moderate 25-30 C9-5 Cost determination, LCM, retail method.
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This note was uploaded on 10/16/2010 for the course ADEM cont 3010 taught by Professor Lopez during the Spring '10 term at UPR Río Piedras.

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Ch09 - CHAPTER 9 Inventories: Additional Valuation Issues...

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