"Three grand essentials to happiness in this life are something to do, something to love and something to hope for." - Joseph Addison" - The_god_damned
To purchase this material click
http://www.assignmentclick.com/ACC-422/ACC-422-Week-3-WileyPLUS-Assignment
For more classes visit
www.assignmentclick.com
ACC 422 Week 3 WileyPLUS Assignment
|Exercise 9-1 |
| |
The inventory of Oheto Company on December 31, 2013, consists of the following items.
Part No. 121 is obsolete and has a realizable value of $0.7 each as scrap.
(a) Determine the inventory as of December 31, 2013, by the lower-of-cost-or-market method, applying this method directly to each item.
(b) Determine the inventory by the lower-of-cost-or-market method, applying the method to the total of the inventory.
|Exercise 9-12 |
| |
Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.
No comments