Team+C+Week+3+P9-9+a

Team+C+Week+3+P9-9+a - Prepare the inventory section of...

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Prepare the inventory section of Brook's balance sheet as of November 30, 2007, including any required notes. Cost Market L-o-C-o-M Down tube shifter Standard model $67,500 $67,000 $67,000 Click adjustment model 94,500 87,000 87,000 Deluxe model 108,000 110,000 108,000 Total down tube shifters 270,000 264,000 262,000 Bar end shifter Standard model 83,000 90,050 83,000 Click adjustment model 99,000 97,550 97,550 Total bar end shifters 182,000 187,600 180,550 Head tube shifter Standard model 78,000 77,650 77,650 Click adjustment model 117,000 119,950 117,000 Total head shifters 195,000 196,950 194,650 Calculation 1: Total finished goods $647,000 $648,550 $637,200 $240,000 x .50 = $120,000 (at cost value of deraileurs) $240,000/120 x 100 = $100,000 (market value of deraileurs) Cost Market L-o-C-o-M $127,400+$100,000=$227,400 (market value of all raw materials) Work in process $112,500 $108,700 $108,700 Raw materials (Calculation 1) 240,000 227,400 227,400 Calculation 2: Factory supplies (Calculation 2)
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This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

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Team+C+Week+3+P9-9+a - Prepare the inventory section of...

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