BE 9.01 – Ross Electronics
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the cost, selling price, and selling cost… find unit value.
Calculator Preview
Your numbers will vary.
Given the cost, selling price, and selling cost… find unit value.
Your numbers will vary.
Determine the carrying value of inventory and before tax effect.
Your numbers will vary.
Given the cost, replacement cost, selling price, and normal profit price… find the unit value.
Your numbers will vary.
Given units, cost, replacement cost, sell price, sell cost, and normal profit… find the effect of LCM adjustment and cost of the market.
Your numbers will vary.
Estimate the cost of the inventory destroyed by the hurricane using the gross profit method.
Your numbers will vary.
Estimate ending inventory and cost of goods sold. (Avg Cost Retail Method)
Your numbers will vary.
What is the effect of the change on cost of goods sold. (LIFO to FIFO).
Your numbers will vary.
Given ending inventory for both years… find the retained earnings for the beginning of next year.
Your numbers will vary.
Given the lost inventory, beginning inventory, purchases, and net sales… calculate the gross profit ratio.
Your numbers will vary.
Given the selling price, cost, and the cost to sell for three different products… find the product cost for each and the per-unit value.
Your numbers will vary.