Chapter 9 part 1 - Chapter 9 part 1(questions 5,9,13 BE9-2 BE9-3 BE9-4 5 case 1 2 3 4 5 14.5 16.1 13.75 9.7 15.9 9 Ending inventory cost ending

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Chapter 9 part 1 (questions 5,9,13, BE9-2, BE9-3, BE9-4 5) case 1 14.5 2 16.1 3 13.75 4 9.7 5 15.9 9) Ending inventory cost 930,000 ending inventory market 885,000 Cost of goods sold 45,000 Inventory 45,000 13) 4 BE9-2 cost LCM Jokers 2,000 2,050 2,000 Penguins 5,000 4,950 48,950 Riddlers 4,400 4,550 4,400 Scarecrows 3,200 3,070 3,070 Total 14,600 14,620 BE9-3 a) Direct Method Cost of Goods Sold 21000 Inventory 21000 b) Indirect method Loss due to market decline of inventory 21000 allowance to reduce inventory to market 21000 BE9-4 Group No. of CDs Price per CD Total cost 1 100 5 500 5-100 8,000 400 2 800 10 8,000 80-100 8,000 6,400 3 100 15 1,500 15-100 8,000 1,200 10,000 8,000 Designated Market Total sales price relative sales price Cost allocated to lots
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Cost per lots 4 8 12
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chapter 9 part 2 initial submission (BE9-5, BE9-7, BE9-8, BE9-9, E9-1, E9-7, E9-11, E9-13, E9-19, E9-25, E9-27) BE9-5 Cost of goods sold 50,000 Inventory 50,000 BE9-7 gross profit on sales 245,000 cost of goods sold
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This note was uploaded on 04/14/2011 for the course ACCT 3202 taught by Professor Kenmichael during the Spring '11 term at University of Minnesota Duluth.

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Chapter 9 part 1 - Chapter 9 part 1(questions 5,9,13 BE9-2 BE9-3 BE9-4 5 case 1 2 3 4 5 14.5 16.1 13.75 9.7 15.9 9 Ending inventory cost ending

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