Wiley Plus Solutions Intermediate Accounting Chapter 8 Solutions.rar


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Back,,,,to,,,,top.,,,,Step,,,1,,,of,,,4,,,E,,,Co.,,,Companies,,sometimes,,also,,changes,,accounting,,method,,as,,they,,want,,to,,match,,revenue,,to,,expenses,,and,,again,,consistency,,across,,the,,period,,of,,financial,,reporting,,is,,sacrificed.,,This,,,,increase,,,,is,,,,known,,,,as,,,,LIFO,,,,layer,,,,and,,,,this,,,,increase,,,,should,,,,be,,,,added,,,,to,,,,the,,,,beginning,,,,inventory,,,,of,,,,current,,,,year,,,,to,,,,get,,,,the,,,,total,,,,inventory,,,,at,,,,the,,,,end,,,,of,,,,current,,,,year.,,,,They,,,,do,,,,it,,,,for,,,,the,,,,better,,,,understanding,,,,of,,,,its,,,,financial,,,,performance,,,,and,,,,position,,,,to,,,,the,,,,readers,,,,of,,,,financial,,,,statement.,,,,Calculate,,value,,of,,ending,,inventory,,of,,current,,year,,at,,base-,,year-,,prices,,using,,following,,formula,,2.,,

=560,000+49,680,,,,=$609,680,,,,Inventory,,,,on,,,,31st,,,,December,,,,2014,,,,under,,,,LIFO,,,,dollar,,,,value,,,,=,,,,$609,680,,,,Calculating,,,,cost,,,,of,,,,goods,,,,sold:,,,,Cost,,,,of,,,,goods,,,,sold,,,,=,,,,beginning,,,,inventory,,,,+,,,,purchases,,,,,,,,ending,,,,inventory,,,,Calculating,,,,purchases,,,,No.,,,,Company,,switches,,to,,the,,method,,which,,is,,used,,by,,most,,of,,its,,competitors,,but,,as,,the,,company,,now,,uses,,different,,method,,from,,one,,which,,it,,uses,,earlier,,,consistency,,is,,sacrificed.,,Calculating,,ending,,inventory,,and,,cost,,of,,goods,,sold,,under,,Dollar,,value,,LIFO,,Calculating,,ending,,inventory,,of,,current,,year,,in,,units:,,Residential,,pumps,,500,,Commercial,,pumps,,500,,Total,,1,000,,Year,,Dec.,,JavaScript,,,,Not,,,,Detected,,,,JavaScript,,,,is,,,,required,,,,to,,,,view,,,,textbook,,,,solutions.,,,,Convert,,,real,,,dollar,,,quantity,,,increase,,,at,,,current,,,year,,,prices,,,as,,,follows:,,,=40,0001.242,,,=$49,680,,,4.,,,Corresponding,,Textbook,,Intermediate,,Accounting,,,,15th,,Edition,,9781118147290ISBN-13:,,1118147294ISBN:,,Terry,,D.,,Provides,,two,,types,,of,,pumps,,,one,,for,,commercial,,purpose,,and,,the,,smaller,,one,,for,,residential,,purpose,,,we,,need,,to,,calculate,,ending,,inventory,,under,,FIFO,,and,,dollar,,value,,LIFO.,,2013,,,Closing,,,stock,,,Residential,,,pump:,,,$80,000,,,(200$400),,,Commercial,,,pump:,,,480,000,,,(600$800),,,Total,,,$560,000,,,=600,000-,,,560,000,,,=$40,000,,,3.,,,View,,a,,full,,sample,,.,,

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