06-05Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Problem 6-5 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the column to the right of an incorrect answer. Unit Unit Total Inventory Cost Market Lower of Description Quantity Price Price Cost Market C or M AC172 38 Total BE43 18 CJ9 30 Total E34 125 F17 18 Total G68 60 K41 5 Q79 375 RZ13 90 Total S60 6 Total W21 140 Total XR90 15 Total Inventory at total cost, total market value, and lower of cost of market: $- $- $- Instructions Inventory Sheet December 31, 2010
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Problem 6-5 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. Unit Unit Total Inventory Cost Market Lower of Description Quantity Price Price Cost Market C or M AC172 38 25 $60 $56 $1,500 $1,400 13
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Unformatted text preview: $58 $56 754 728 Total $2,254 $2,128 $2,128 BE43 18 $175 $180 $3,150 $3,240 $3,150 CJ9 30 18 $130 $120 $2,340 $2,160 12 $128 $120 1,536 1,440 Total $3,876 $3,600 $3,600 E34 125 $25 $26 $3,125 $3,250 $3,125 F17 18 10 $565 $550 $5,650 $5,500 8 $560 $550 4,480 4,400 Total $10,130 $9,900 $9,900 G68 60 $15 $15 $900 $900 $900 K41 5 $385 $390 $1,925 $1,950 $1,925 Q79 375 $6 $6 $2,250 $2,250 $2,250 RZ13 90 80 $22 $18 $1,760 $1,440 10 $21 $18 210 180 Total $1,970 $1,620 $1,620 S60 6 5 $250 $235 $1,250 $1,175 1 $260 $235 260 235 Total $1,510 $1,410 $1,410 W21 140 100 $20 $18 $2,000 $1,800 40 $19 $18 760 720 Total $2,760 $2,520 $2,520 XR90 15 9 $750 $745 $6,750 $6,705 6 $740 $745 4,440 4,470 Total $11,190 $11,175 $11,175 Inventory at total cost, total market value, and lower of cost of market: $45,040 $43,943 $43,703 Instructions Inventory Sheet December 31, 2010...
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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06-05Pr_5e_s - $58 $56 754 728 Total $2,254 $2,128 $2,128...

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