CHAPTER 7
Valuation of Inventories: A Cost-Basis Approach
Assignment Classification Table (By Topic)
Brief Critical
Topics Questions Exercises Exercises Problems Thinking
1. Inventory accounts; 4, 5, 6, 7, 8 1, 3 1, 2, 3, 1, 2, 3 1, 2, 3, 5
determining quantities, 4, 5, 6
costs, and items to be
included in inventory;
the inventory equation;
balance sheet disclosure.
2. Perpetual vs. periodic. 1, 2, 3 1, 2 9, 10, 14, 4, 5, 6
17
3. Recording of discounts. 9, 10 7, 8 3 4
4. Flow assumptions. 11, 12, 17, 4, 5, 6 9, 10, 11, 1, 4, 5, 5, 6, 7, 8, 11
20 12, 13, 14, 6, 7
7 15, 16, 17,
18, 19
5. Inventory accounting 15 7 6, 7, 10
changes.
6. Dollar-value LIFO 13, 14, 15, 8, 9 19, 20, 21, 1, 8, 9, 8, 9
methods. 16, 18, 19 22, 23 10, 11
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 14-1-455
,Codification Research Case (Continued)
7. Inventory errors. 20 10 24, 25, 2
26
14-1-456 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
,
, Assignment Classification Table (By Learning Objective)
Brief Critical
Learning Objectives Questions Exercises Exercises Problems Thinking
1. Identify inventory 1, 2, 3 1, 2 4,5,6
classifications and different
inventory systems.
2. Determine the goods and 4, 5, 6, 7, 3 1, 2, 3, 4, 1, 2, 3 1, 2, 3, 4, 5
costs included in inventory. 8, 9, 10 5, 6, 7, 8
3. Describe and compare the 6, 11, 12 4, 5, 6 9, 10, 11, 1, 2, 4, 5, 6, 7, 10, 11
cost flow assumptions used 12, 13,14, 6, 7
to account for inventories. 15, 16, 17,
19
4. Identify special issues 13, 14, 15, 7, 8, 9 18, 19, 20, 8, 9, 10, 6, 8, 9, 10,
related to LIFO. 16, 17, 18, 21, 22, 23 11 11
19
5. Determine the effects of 20 10 24, 25, 26
inventory errors on the
financial statements.
14-1-456 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
Valuation of Inventories: A Cost-Basis Approach
Assignment Classification Table (By Topic)
Brief Critical
Topics Questions Exercises Exercises Problems Thinking
1. Inventory accounts; 4, 5, 6, 7, 8 1, 3 1, 2, 3, 1, 2, 3 1, 2, 3, 5
determining quantities, 4, 5, 6
costs, and items to be
included in inventory;
the inventory equation;
balance sheet disclosure.
2. Perpetual vs. periodic. 1, 2, 3 1, 2 9, 10, 14, 4, 5, 6
17
3. Recording of discounts. 9, 10 7, 8 3 4
4. Flow assumptions. 11, 12, 17, 4, 5, 6 9, 10, 11, 1, 4, 5, 5, 6, 7, 8, 11
20 12, 13, 14, 6, 7
7 15, 16, 17,
18, 19
5. Inventory accounting 15 7 6, 7, 10
changes.
6. Dollar-value LIFO 13, 14, 15, 8, 9 19, 20, 21, 1, 8, 9, 8, 9
methods. 16, 18, 19 22, 23 10, 11
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 14-1-455
,Codification Research Case (Continued)
7. Inventory errors. 20 10 24, 25, 2
26
14-1-456 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
,
, Assignment Classification Table (By Learning Objective)
Brief Critical
Learning Objectives Questions Exercises Exercises Problems Thinking
1. Identify inventory 1, 2, 3 1, 2 4,5,6
classifications and different
inventory systems.
2. Determine the goods and 4, 5, 6, 7, 3 1, 2, 3, 4, 1, 2, 3 1, 2, 3, 4, 5
costs included in inventory. 8, 9, 10 5, 6, 7, 8
3. Describe and compare the 6, 11, 12 4, 5, 6 9, 10, 11, 1, 2, 4, 5, 6, 7, 10, 11
cost flow assumptions used 12, 13,14, 6, 7
to account for inventories. 15, 16, 17,
19
4. Identify special issues 13, 14, 15, 7, 8, 9 18, 19, 20, 8, 9, 10, 6, 8, 9, 10,
related to LIFO. 16, 17, 18, 21, 22, 23 11 11
19
5. Determine the effects of 20 10 24, 25, 26
inventory errors on the
financial statements.
14-1-456 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
