Question: NEED HELP WITH THIS ASSIGNMENT PLEASE!!!!!!!! The first picture is for the last question a.) and these last two pictures that's at the bottom is










Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? LIFO Method Prepaid Cell Phones Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold U nit Cost Total Cost Quantity Unit Cost Total Cost Dec. 1 Dec. 10 Dec. 12 Dec. 14 Dec. 20 O O A Dec. 31 Dec. 31 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method? Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost Peer Unit Class 1: Model A 18 $145 Model B 44 96 Model C 26 216 Class 2: Model D 35 107 Model E 18 137 Market Value peer Unit (Net Realization Value) $151 78 197 131 147 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Market Value per Unit Net Realable Value) Cost Market Inventory Quantity Cost per Unit Lower of Costo Mar Product Model A Model Model Model Model E b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Lower of Cost Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? LIFO Method Prepaid Cell Phones Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold U nit Cost Total Cost Quantity Unit Cost Total Cost Dec. 1 Dec. 10 Dec. 12 Dec. 14 Dec. 20 O O A Dec. 31 Dec. 31 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method? Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost Peer Unit Class 1: Model A 18 $145 Model B 44 96 Model C 26 216 Class 2: Model D 35 107 Model E 18 137 Market Value peer Unit (Net Realization Value) $151 78 197 131 147 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Market Value per Unit Net Realable Value) Cost Market Inventory Quantity Cost per Unit Lower of Costo Mar Product Model A Model Model Model Model E b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Lower of Cost
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