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Solution Manual For Accounting Principles Volume 1 7th Canadian Edition By Jerry J. Weygandt Donal

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Solution Manual For Accounting Principles Volume 1 7 th Edition By Jerry J. Weygandt Donal Solution Manual for Accounting Principles, Volume1, 7th Canadian Edition by Jerry J. Weygandt, Donald E. Kieso Instant Download Click link below to buy: OR Email us at: OR visit: Instant Download CHAPTER 6 Inventory Costing ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Exercises Problems Set A Problems Set B 1. Describe the steps in determining inventory quantities. 1, 2, 3 1, 2 1, 2 1, 7 1, 7 2. Calculate cost of goods sold and ending inventory in a perpetual inventory system using specific identification, FIFO, and weighted average methods of cost determination. 4, 5, 6 3, 4, 5, 6, 7, 8 3, 4, 5, 6, 7, *15, *16 2, 3, 4, 5, 6, *12, *13 2, 3, 4, 5, 6, *12, *13 3. Determine the financial statement effects of inventory cost determination methods. 7, 8, 9 9, 10 6, 7 4, 5 4, 5 4. Determine the financial statement effects of inventory errors 10, 11, 11, 12 8, 9 3, 7, 8 3, 7, 8 5. Value inventory at the lower of cost and net realizable value. 12, 13, 14 13, 14 10, 11 6, 9 6, 9 6. Demonstrate the presentation and analysis of inventory. 15, 16, 17, 18 15, 16 11, 12 8, 10 8, 10 *7. Calculate ending inventory and cost of goods sold in a periodic inventory system using FIFO and weighted average inventory cost formulas (Appendix 6A). *19, *20, *21 *17, *18 *13, *14, *15, *16 *11, *12, *13 *11, *12, *13 *8. Estimate ending inventory using the gross profit and retail inventory methods (Appendix 6B). *22, *23, *24 *19, *20 *17, *18 *14, *15 *14, *15 ASSIGNMENT CHARACTERISTIC TABLE Problem Numbe r Description Difficulty Level Time Allotted (min.) 1A Identify items in inventory. Moderate 20-25 2A Apply specific identification. Simple 15-20 3A Apply perpetual FIFO. Record sales and inventory adjustment and calculate gross profit, and answer questions. Moderate 20-25 4A Apply perpetual weighted average and answer questions. Moderate 20-25 5A Apply perpetual FIFO and weighted average. Answer questions about financial statement effects. Moderate 35-45 6A Record transactions using perpetual weighted average. Apply LCNRV. Moderate 35-45 Problem Numbe r Description Difficulty Level Time Allotted (min.) 7A Determine effects of inventory errors. Complex 25-30 8A Determine effects of inventory errors. Calculate inventory turnover. Complex 35-45 9A Apply LCNRV and prepare adjustment. Moderate 20-25 10A Calculate ratios. Simple 15-20 *11A Apply periodic FIFO and weighted average. Simple 20-25 *12A Apply periodic and perpetual FIFO. Moderate 20-25 Problem Numbe r Description Difficulty Level Time Allotted (min.) *13A Apply periodic and perpetual weighted average. Moderate 20-25 *14A Determine inventory loss using gross profit method. Moderate 20-30 *15A Determine ending inventory using retail method. Moderate 20-30 1B Identify items in inventory. Moderate 20-25 2B Apply specific identification. Simple 15-20 3B Apply perpetual weighted average. Record Moderate 20-25 Problem Numbe r Description Difficulty Level Time Allotted (min.) sales and inventory adjustment and calculate gross profit, and answer questions. 4B Apply perpetual FIFO and answer qu

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Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak Accounting Principles, Volume 2

Edition:2019
ISBN:9781119502555
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Uploaded on: September 29, 2024
Number of pages: 502
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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solution manual
accounting principles
7th canadian edition by jerry j weygandt donal
solution manual for accounting principles volume1

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