Chapter 8 part 2 - 25-Jan 1300 10 13000 16-Feb 800 11 8800...

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chapter 8 part 2 (BE8-8, E8-1, E8-11, E8-15, E8-25) BE8-8 Price index 2009 100000 100000 100% 100000 2010 119000 119000 110% 120900 2011 134560 134560 116% 138949.6 E8-1 should be excluded from the financial statement 1,3,8,11,15,18 should be recorded on the inventory 2,4,5,6,7,9,10,12,13,14,16,17 E8-15 a) FIFO Date No Units Unit cost Total Costs 5-Jan 1100 9 9900 25-Jan 1300 10 13000 16-Feb 800 11 8800 26-Mar 600 12 7200 Ending Inventory 3800 38900 b) LIFO 1-Jan 600 8 4800 5-Jan 1100 9 9900 25-Jan 1300 10 13000 16-Feb 800 11 8800 3800 36500 c) Weighted average 1-Jan 600 8 4800 5-Jan 1100 9 9900
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Unformatted text preview: 25-Jan 1300 10 13000 16-Feb 800 11 8800 26-Mar 600 12 7200 4400 43700 weighted average cost per unit 9.93 Ending inventory 14897.73 E8-25 2007 80000 100 2008 111300 105 2009 108000 120 2010 122200 130 2011 147000 140 2012 176900 145 Dollar value LiFO inventory 2007 80000 Ending Inventory at base price Layer at base year price Ending Inventory at LIFO Cost 2008 107300 106000 2009 90500 90000 2010 94700 94000 2011 106250 105000 2012 124100 122000...
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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 8 part 2 - 25-Jan 1300 10 13000 16-Feb 800 11 8800...

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