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CHAPTER_6_WORKPAPERS

CHAPTER_6_WORKPAPERS - Name Section Date Chapter 6 Brief...

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6-1 Name Chapter 6 Brief Exercises Section Date BE6-1 1 (a) 1 2 2 3 3 4 (b) 4 5 5 6 6 7 (c) 7 8 8 9 9 10 (d) 10 11 11 12 12 13 13 14 14 15 BE6-2 15 16 16 17 17 18 18 19 19 20 20 21 BE6-3 (a) FIFO (b) LIFO 21 22 Units Unit Cost Total Units Unit Cost Total 22 23 23 24 24 25 Ending inventory Ending inventory 25 26 26 27 BE6-4 Units Unit Cost Total 27 28 28 29 29 30 30 31 31 32 32 33 Average cost per unit 33 34 34 35 Ending inventory 35 36 36 37 37 38 38 39 39 40 40
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6-1
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6-2 Name Chapter 6 Brief Exercises Continued Section Date BE6-5 1 (a) 1 2 (b) 2 3 (c) 3 4 4 5 (d) 5 6 6 7 7 8 8 9 BE6-6 Cost of goods sold under: LIFO FIFO 9 10 Purchases 10 11 11 12 12 13 Cost of goods available for sale 13 14 Less: Ending inventory 14 15 Cost of goods sold 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 BE6-7 Cost Market LCM 25 26 Inventory categories: 26 27 Cameras 27 28 Camcorders 28 29 VCRs 29 30 Total valuation 30 31 31 32 BE6-8 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40
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6-2
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6-3 Name Chapter 6 Brief Exercises Continued Section Date BE6-9 1 Inventory turnover: 1 2 2 3 3 4 4 5 Days in inventory: 5 6 6 7 7 8 8 9 *BE6-10 9 10 (1) FIFO Method 10 11 Product E2-D2 11 12 Date Purchases Cost of Goods Sold Balance 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 (2) LIFO Method 20 21 Date Purchases Cost of Goods Sold Balance 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 (3) Average-Cost 30 31 Date Purchases Cost of Goods Sold Balance 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40
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6-4 Name Chapter 6 Brief Exercises Concluded Section Date *BE6-11 1 (1) 1 2 2 3 3 4 4 5 (2) 5 6 6 7 7 8 8 9 *BE6-12 At Cost At Retail 9 10 10 11 11 12 12 13 13 14 Cost-to-retail ratio: 14 15 15 16 Estimated cost of ending inventory: 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25
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6-4
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6-5 Name Exercises 6-1 and 6-2 Section Date E6-1 1 Ending Inventory - physical count $297,000 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 E6-2 14 15 Ending inventory - as reported $740,000 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40
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6-5
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6-6 Name Exercise 6-3 Section Date Bargain Electronics Ltd. 1 (a) 1 2 2 3 3 4 4 5 5 6 (b) 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 (c) 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25
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6-6
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6-7 Name Exercise 6-4 Section Date Boarders (a) FIFO 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 Proof: 9 10 Date Units Unit Cost Total Cost 10 11 11 12 12 13 13 14 14 15 15 16 LIFO 16 17 17 18 18 19 19 20 Proof: 20 21 Date Units Unit Cost Total Cost 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 (b) 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39
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6-7
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6-8 Name Exercise 6-5 Section Date Catlet Co. FIFO 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 Proof: 9 10 Date Units Unit Cost Total Cost 10 11 11 12 12 13 13 14 14 15 15 16 LIFO 16 17 17 18 18 19 19 20 Proof: 20 21 Date Units Unit Cost Total Cost 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39
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6-8
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6-9 Name Exercise 6-6 Section Date Yount Company 1 (a) (1) FIFO 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 (2) LIFO 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 (b) 24 25 25 26 26 27 27 28 28 29 29 30 30 31 (c) 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40
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6-9
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6-10 Name Exercise 6-7 Section Date Jones Company 1 (a) (1) FIFO 1 2 2 3 3 4 4 5 5 6 6 7 7 8 (2) LIFO 8 9 9 10 10 11 11 12 12 13 13 14 14 15 (3) AVERAGE 15 16 16 17 17 18 18 19 19 20 20 21 21 22 (b) 22 23 23 24 24 25 25
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