## Accounting Homework Help

### Questions

# Description Question
14298

Disclaimer: Use of this tool is not mandated by CMS for regulatory compliance nor

does its completion ensure regulatory compliance.

QAPI Goal Setting Worksheet

Directions:

Goal setting is important for any measurement related to performance improvement. This worksheet is intended to help QAPI teams establish appropriate goals for individual measures and also for performance improvement projects. Goals should be clearly stated and describe what the organization or team intends to accomplish. Use this worksheet to establish a goal by following the SMART formula outlined below. Note that setting a goal does not involve describing what steps will be taken to achieve the goal.

[Example: We will increase the number of long-term residents with a vaccination against both influenza and pneumococcal disease documented in their medical record from 61 percent to 90 percent by December 31, 2017.]

1.   Describe the business problem to be solved (Use the SMART formula below to develop a goal)

A.  SPECIFIC

Describe the goal in terms of 3 ‘W’ questions:

·        What do we want to accomplish?

·        Who will be involved/affected (what staff, what residents, others)?

·        Where will it take place?

B.  MEASURABLE

Describe how you will know if the goal is reached:

·        What is the measure you will use?

·        What is the current data figure (i.e., count, percent, rate) for that measure?

·        What do you want to increase/decrease that number to?

C.  ATTAINABLE

Defend the rationale for setting the goal measure above:

·        Did you base the measure or figure you want to attain on a particular best practice/average score/ benchmark?

·        Is the goal measure set too low that it is not challenging enough?

·        Does the goal measure require a stretch without being too unreasonable?

D.  RELEVANT

Briefly describe how the goal will address the business problem stated above.

E.  TIME-BOUND

Define the timeline for achieving the goal:

·        What is the target date for achieving this goal?

·        Write a goal statement, based on the SMART elements above. The goal should be descriptive, yet concise enough that it can be easily communicated and remembered. Use the example at the beginning for a reference on statement format and information.

Goal Statement:

Tip: It’s a good idea to post the written goal somewhere visible and regularly communicate the goal during meetings in order to stay focused and remind caregivers that everyone is working toward the same aim.

QAPI Goal Setting Worksheet
14281

SEC 10-K Report:

The SEC 10-K assignment will consist of research to write a paper on an annual SEC 10-K report filed by a public company with the U.S. Securities and Exchange Commission (SEC).  The focus of this assignment is on the financial statements as a whole and the concepts related to the topics covered in this course..  There are two deliverables: (1) SEC 10-K Paper, and (2) SEC 10-K Power Point presentation based on your paper.

1. You will write a 2 - 3 page paper, single spaced, one inch margins, 12 pt font, with double space between paragraphs. Your paper should comment on the financial statements for your company ** Use headings in your paper such as Investments (topics from our textbook; other examples would be Financial Ratios or Cash Flow). Please keep your paper to no more than 3 pages

2. Please include a brief introduction of your company as well as a conclusion/summary at the end.

3. You will also be required to include the Income Statement, Balance Sheet and Cash Flow Statement as an attachment to your report (you can cut and paste directly from the 10-K report).

4. APA style is required for citations and a reference list.

5. Page count does not include title page, tables and exhibits, table of contents, and reference list

6. Please include a title page (include your name on the title page)

7. Include a reference list (business classes use APA format)

8. Include in text citations (business classes use APA format)

9. Your paper should use one-inch margins on the left, right, top, and bottom of each page, and font set at 12 point.

SEC 10-K Power Point Presentation

10. You will also be required to prepare a brief power point file of no more than 6 slides.

Include a reference list in APA format.

Company: PepsiCo
14257

A \$15,000 debt is to be amortized in 12 equal semiannual payments at an annual interest rate of 11% on the unpaid balance. Construct an amortization table to determine the unpaid balance after two payments have been made.

Calculate debt
14244

THE INCOME STATEMENT

The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this module to compute general or overall profitability ratios. Compute three ratios using at least one of the income statement accounts for each ratio. Some profitability ratios include both income and balance sheet accounts. The balance sheet accounts are found in module 2.

Assume that ABC Company is a small specialty retail store. Ratios are relevant when assessed over time or across companies. IBIS is a comprehensive resource containing market research and statistics, which can be used to compare ABC Company to the industry and leaders in the industry.

1.      Show the computation of the three ratios.

2.      Comment on the purpose and information conveyed by each ratio.

3.      What did you learn about ABC Company by reviewing the three ratios?

5.      How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Write two paragraphs or more. Include ratios found in the IBIS database to support your conclusion.

REFERENCE FOR THIS ASSIGNMENT IS PROVIDED IN THE 2ND ATTACHMENT

SLP Assignment Expectations

Show the formulas for the computations. Two to three sentences are sufficient to respond to questions 1 through 4.

See above for question 5 instructions. Do not use an essay format.

Show sources when appropriate and APA format is suggested, but not required.

THE INCOME STATEMENT
14239

Scenario: Wilson Corporation (not real) has a targeted capital structure of 40% long term debt and 60% common stock. The debt is yielding 6% and the corporate tax rate is 35%. The common stock is trading at \$50 per share and next year's dividend is \$2.50 per share that is growing by 4% per year.

Prepare a minimum 700-word analysis including the following:

• Calculate the company's weighted average cost of capital. Use the dividend discount model. Show calculations in Microsoft® Word.
• The company's CEO has stated if the company increases the amount of long term debt so the capital structure will be 60% debt and 40% equity, this will lower its WACC. Explain and defend why you agree or disagree. Report how would you advise the CEO.
Calculate the company's weighted average cost of capital
14237

The Liabilities Section of O'Brian's Balance Sheet: Discuss how to prepare the liabilities section of O'Brian's Balance Sheet on the attached spreadsheet. Write a 175-word individual response.

Purpose of Assignment

The purpose of this assignment is to help you understand the balance sheet presentation for the liabilities of a company.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Prepare the liabilities section of O'Brian's balance sheet using the following information:

• Accounts payable \$157,000
• Notes payable (due May 1, 2018) \$20,000
• Bonds payable (due 2021) \$900,000
• Unearned rent revenue \$240,000
• Discount on bonds payable \$41,000
• FICA taxes payable \$7,800
• Interest payable \$40,000
• Notes payable (due 2019) \$80,000
• Income taxes payable \$3,500
• Sales taxes payable \$1,700

The Liabilities Section of O'Brian's balance sheet must be 525 words.

Show work on the Week 3 Excel® spreadsheet.

Note: This assignment requires that you only submit an Excel® Workbook file. There are no written or APA guideline requirements.

O'Brian's Balance Sheet:
14236

The purpose of this assignment is to help you understand the basics of financial statement analysis related to the assets section of the balance sheet, data interpretation, and how financial information is obtained to understand how a company accounts for its long-lived assets.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company's complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Complete a 1,050-word summary of findings and recommendations from the following questions:

• What were the total cost and book value of property, plant, and equipment at September 27, 2014?
• Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
• What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
• Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
• Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014.

Purpose of Assignment-accounting
14234

The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11

Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting:

• How many shares of common stock are outstanding?
• Assuming there is a stated value, what is the stated value of the common stock?
• What is the par value of the preferred stock?
• If the annual dividend on preferred stock is \$36,000, what is the dividend rate on preferred stock?
• If dividends of \$72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

How to become familiar with examining the stockholders' equity section of the balance sheet.

Write a 175-word individual response.

Stockholders’ Equity Section of the Balance Sheet Grading Guide

ACC/291 Version 6

Principles of Accounting II

University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.

Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation.

Edited in accordance with University of Phoenix® editorial standards and practices.

# Financial Accounting: Tools for Business Decision Making

 Content Met Partially Met Not Met Comments: Answered the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below:   ·         How many shares of common stock are outstanding? ·         Assuming there is a stated Value, what is the stated value of the common stock? ·         What is the par value of the preferred stock? ·         If the annual dividend on preferred stock is \$36,000, what is the dividend rate on preferred stock? ·         If dividends of \$72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Total Available Total Earned 5 #/5

 Writing Guidelines Met Partially Met Not Met Comments: The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Total Available Total Earned 3 #/3

The stockholders' equity section of Lachlin Corporation's balance sheet at December 31 is presented here.

instructions

From a review of the stockholders' equity section, answer the following questions.

(a) How many shares of common stock are outstanding?

(b) Assuming there is a stated value, what is the stated value of the common stock?

(c) What is the par value of the preferred stock?

(d) If the annual dividend on preferred stock is \$36,000, what is the dividend rate on preferred stock?

(e) If dividends of \$72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Stockholders’ Equity Section of the Balance Sheet Grading Guide

ACC/291 Version 6

Principles of Accounting II

University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.

Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation.

Edited in accordance with University of Phoenix® editorial standards and practices.

# Financial Accounting: Tools for Business Decision Making

 Content Met Partially Met Not Met Comments: Answered the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below:   ·         How many shares of common stock are outstanding? ·         Assuming there is a stated Value, what is the stated value of the common stock? ·         What is the par value of the preferred stock? ·         If the annual dividend on preferred stock is \$36,000, what is the dividend rate on preferred stock? ·         If dividends of \$72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Total Available Total Earned 5 #/5

 Writing Guidelines Met Partially Met Not Met Comments: The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Total Available Total Earned 3 #/3

 Name Exercises 11-4 Section Date E11-4 Lachlin Corporation (a) (b) (c) (d) (e)

Purpose of Assignment
14233

1.  According to the Week 5 lecture, why do most businesses fail within the first few years?

2. If an Accounts Receivable account is not eventually converted into cash, what happens to the amount of money in the account after a pre-determined period of time?

3. It’s possible to make a lot of sales, pay minimal expense, and still go bankrupt.  True or False?

4. Most businesses practice Accrual Base or Cash Base Accounting?

5. What is the first step when reconciling your cash account/bank statement?

6. What is the second step when reconciling your cash account/bank statement?

7. What is the third step when reconciling your cash account/bank statement?

8. What is the fourth step when reconciling your cash account/bank statement?

9. How often should a reconciliation of the cash account occur?

10. If a client writes the company a bad check to pay for services/products, and you charge them an administrative fee to make sure the amount eventually gets paid.  What type of account is credited?

11. According to the Week 6 lecture, how can a business increase sales of the company?

12. What kind of a fee do you have to pay if you accept credit cards?

13. What term is used to describe the value of a company has through its reputation?

14. Would goodwill be considered a tangible or an intangible asset?

15. What is the equivalent of depreciation for an intangible asset?

16. What is the equivalent of depreciation for a natural resource?

17. What are the three items needed to calculate depreciation?

18. A piece of equipment is purchased for \$10,000, has a salvage value of \$2,000, and an estimated useful life of 4 years.  Using the straight-line depreciation method, how much is depreciated per year for the next 4 years?

19. A piece of equipment is purchased for \$10,000, has a salvage value of \$2,000, and an estimated useful life of 4 years.  Using the double-declining balance method, how much is depreciated per year for the next 2 years?

20. How does an “Accumulated Deprecation” account get increased; debit or credit?

21. What are the three levels of the Cash Flow Statement?

22. What type of income statement separates out the “Gross Margin”, “Operating Income” and “Net Income”?

23. What does FUTA stand for?

24. What does FICA stand for?

25. What amount is income capped at to pay FICA – Social Security Tax on?

26. What is the term given to the borrower of a bond?

27. What is the term given to the lender of a bond?

28. What is the interest rate called which is multiplied by the bond’s face value when issuing pre-determined payments to the bondholder?

29. What is the amount to pay off the bond (debt) when it is more than the face value?

30. What is the amount to pay off the bond (debt) when it is less than the face value?

31. What step takes place after the accountant analyzes the transaction (Step 1).

32. What is the step before the final step (Step 8: Close the Books).

33. Which financial statement displays how the accounting equation balances?

34. Are revenue, expense, and withdrawal accounts temporary or permanent accounts?

35. Are cash, equipment, accounts payable, and capital accounts temporary or permanent accounts?

36. The General ___________ is a diary of each specific account from under each component of the accounting equation.

37. What are the three reports within the Accounting Worksheet?

38. What is the report called which is the preliminary to the Income Statement and Balance Sheet (it’s contained in the Accounting Worksheet).

39. What account are the temporary accounts closed out to before everything is taken to Retained Earnings?

40. What is the most fundamental lesson in which the accounting profession is built off of?

Accounts Receivable account
14153

I need help with my cost accounting homework, only apply if you are really good.  Homework chapter 3 to chapter 20 ONLY!!

 Homework Chapter 3 Homework 35.71% 05/26/1711:59pm Homework Chapter 4 Homework see scorefor Chapter 4 Homework 05/26/1711:59pm Homework Chapter 6 Homework see scorefor Chapter 6 Homework 05/26/1711:59pm Homework Chapter 7 Homework 05/26/1711:59pm Homework Chapter 8 Homework 05/26/1711:59pm Homework Chapter 9 Homework 05/26/1711:59pm Homework Chapter 10 Homework see scorefor Chapter 10 Homework 05/26/1711:59pm Homework Chapter 11 Homework 05/26/1711:59pm Homework Chapter 15 Homework 05/26/1711:59pm Homework Chapter 16 Homework see scorefor Chapter 16 Homework 05/26/1711:59pm Homework Chapter 17 Homework 05/26/1711:59pm Homework Chapter 18 Homework see scorefor Chapter 18 Homework 05/26/1711:59pm Homework Chapter 20 Homework
Homework chapter 3 to chapter 20 ONLY!!
14146

Smee Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows:

Company policy requires that ending inventories for each month be 15 percent of next month's sales. At the beginning of January, the inventory of peanut butter is 36,000 jars.

Each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. Company policy requires that ending inventories of raw materials for each month be 20 percent of the next month’s production needs. That policy was met on January 1.

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1.  Prepare a production budget for the first quarter of the year. Show the number of jars that should be produced each month as well as for the quarter in total.

 Smee Inc. [removed]
 Production Budget [removed]
 For the First Quarter of the Year [removed]

 January[removed]

 February[removed]

 March[removed]

 Total[removed]
 Sales [removed]

 [removed] Correct 9 of Item 1

 [removed] Correct 10 of Item 1

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 [removed] Correct 12 of Item 1
 Desired ending inventory [removed]

 [removed] Correct 14 of Item 1

 [removed] Correct 15 of Item 1

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 Total needs [removed]

 [removed] Correct 19 of Item 1

 [removed] Correct 20 of Item 1

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 Less: Beginning inventory [removed]

 [removed] Correct 24 of Item 1

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 Units produced [removed]

 [removed] Correct 29 of Item 1

 [removed] Correct 30 of Item 1

 [removed] Correct 31 of Item 1

 [removed] Correct 32 of Item 1

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2a.  Prepare a direct materials purchases budget for jars for the months of January and February. Do not include a multiplication symbol as part of your answer.

 Smee, Inc. [removed]
 Direct Materials Purchases Budget for Jars [removed]
 For January and February [removed]

 January[removed]

 February[removed]

 Total[removed]
 Production [removed]

 [removed] Correct 8 of Item 2

 [removed] Correct 9 of Item 2

 [removed] Correct 10 of Item 2
 Jar [removed]

 [removed] Correct 12 of Item 2

 [removed] Correct 13 of Item 2

 [removed] Correct 14 of Item 2
 Jars for production [removed]

 [removed] Correct 16 of Item 2

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 Desired ending inventory [removed]

 [removed] Correct 20 of Item 2

 [removed] Correct 21 of Item 2

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 Total needs [removed]

 [removed] Correct 24 of Item 2

 [removed] Correct 25 of Item 2

 [removed] Correct 26 of Item 2
 Less: Beginning inventory [removed]

 [removed] Correct 28 of Item 2

 [removed] Correct 29 of Item 2

 [removed] Correct 30 of Item 2
 Jars purchased [removed]

 [removed] Correct 32 of Item 2

 [removed] Correct 33 of Item 2

 [removed] Correct 34 of Item 2

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2b.  Prepare a direct materials purchases budget for peanuts for the months of January and February. Do not include a multiplication symbol as part of your answer.

 Smee, Inc. [removed]
 Direct Materials Purchases Budget for Peanuts [removed]
 For January and February [removed]

 January[removed]

 February[removed]

 Total[removed]
 Production [removed]

 [removed] Correct 8 of Item 3

 [removed] Correct 9 of Item 3

 [removed] Correct 10 of Item 3
 Ounces [removed]

 [removed] Correct 12 of Item 3

 [removed] Correct 13 of Item 3

 [removed] Correct 14 of Item 3
 Ounces for production [removed]

 [removed] Correct 16 of Item 3

 [removed] Correct 17 of Item 3

 [removed] Correct 18 of Item 3
 Desired ending inventory [removed]

 [removed] Correct 20 of Item 3

 [removed] Correct 21 of Item 3

 [removed] Correct 22 of Item 3
 Total needs [removed]

 [removed] Correct 24 of Item 3

 [removed] Correct 25 of Item 3

 [removed] Correct 26 of Item 3
 Less: Beginning inventory [removed]

 [removed] Correct 28 of Item 3

 [removed] Correct 29 of Item 3

 [removed] Correct 30 of Item 3
 Ounces purchased [removed]

 [removed] Correct 32 of Item 3

 [removed] Correct 33 of Item 3

 [removed] Correct 34 of Item 3

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Smee Inc. produces all-natural organic peanut butte
14145

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for portable DVD players are as follows:

 June 1 Inventory 64 units @ \$95 6 Sale 52 units 14 Purchase 38 units @ \$101 19 Sale 21 units 25 Sale 21 units 30 Purchase 35 units @ \$108

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3.

a.  Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.

 Cost of the Merchandise Sold Schedule

 First-in, First-out Method

 Portable DVD Players

 Date

 Quantity Purchased

 Purchases Unit Cost

 Purchases Total Cost

 Quantity Sold

 Cost of Merchandise Sold Unit Cost

 Cost of Merchandise Sold Total Cost

 Inventory Quantity

 Inventory Unit Cost

 Inventory Total Cost

 June 1

 64

 \$ 95

 \$ 6,080

 June 6

 \$

 \$

 June 14

 \$

 \$

 June 19

 June 25

 June 30

 June 30

 Balances

 \$

 \$

Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales data for portable DVD players are as follows:

 June 1 Inventory 43 units @ \$53 6 Sale 33 units 14 Purchase 58 units @ \$55 19 Sale 32 units 25 Sale 9 units 30 Purchase 33 units @ \$58

The business maintains a perpetual inventory system, costing by the last-in, first-out method.

Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4.

Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

 Schedule of Cost of Merchandise Sold

 LIFO Method

 Portable DVD Players

 Date

 Quantity Purchased

 Purchases Unit Cost

 Purchases Total Cost

 Quantity Sold

 Cost of Merchandise Sold Unit Cost

 Cost of Merchandise Sold Total Cost

 Inventory Quantity

 Inventory Unit Cost

 Inventory Total Cost

 June 1

 43

 \$ 53

 \$ 2,279

 June 6

 \$

 \$

 June 14

 \$

 \$

 June 19

 June 25

 June 30

 June 30

 Balance

 \$

 \$

Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales data for prepaid cell phones for July are as follows:

 Inventory Purchases Sales July 1 3,600 units at \$30 July 10 1,800 units at \$32 July 12 2,520 units July 20 1,620 units at \$34 July 14 2,160 units July 31 1,080 units

a.  Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale.

 Schedule of Cost of Merchandise Sold

 LIFO Method

 Prepaid Cell Phones

 Date

 Quantity Purchased

 Purchases Unit Cost

 Purchases Total Cost

 Quantity Sold

 Cost of Merchandise Sold Unit Cost

 Cost of Merchandise Sold Total Cost

 Inventory Quantity

 Inventory Unit Cost

 Inventory Total Cost

 July 1

 3,600

 \$ 30

 \$ 108,000

 July 10

 \$

 \$

 July 12

 \$

 \$

 July 14

 July 20

 July 31

 July 31

 Balances

 \$

 \$

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for prepaid cell phones for August are as follows:

 Inventory Purchases Sales August 1 2,100 units at \$39 August 10 1,050 units at \$41 August 12 1,470 units August 20 945 units at \$43 August 14 1,260 units August 31 630 units

Assuming that the perpetual inventory system is used, costing by the FIFO method, determine the cost of the merchandise sold for each sale and the inventory balance after each sale.

 Schedule of Cost of Merchandise Sold

 FIFO Method

 Prepaid Cell Phones

 Date

 Purchases Quantity

 Purchases Unit Cost

 Purchases Total Cost

 Cost of Merchandise Sold Quantity

 Cost of Merchandise Sold Unit Cost

 Cost of Merchandise Sold Total Cost

 Inventory Quantity

 Inventory Unit Cost

 Inventory Total Cost

 Aug. 1

 2,100

 \$ 39

 \$ 81,900

 Aug. 10

 \$

 \$

 Aug.12

 \$

 \$

 Aug. 14

 Aug. 20

 Aug. 31

 Aug. 31

 Balances

 \$

 \$

FIFO and LIFO Costs Under Perpetual Inventory System

The following units of a particular item were available for sale during the year:

 Beginning inventory 21 units @ \$41 Sale 13 units @ \$66 First purchase 22 units @ \$43 Sale 21 units @ \$68 Second purchase 24 units @ \$44 Sale 11 units @ \$70

The firm uses the perpetual inventory system, and there are 22 units of the item on hand at the end of the year.

a.  What is the total cost of the ending inventory according to FIFO?
\$

b.  What is the total cost of the ending inventory according to LIFO?
\$

Perpetual Inventory Using FIFO
14122 2. Kool Clothing is a manufacturer of designer dresses. The cost of each dress is the sum of three variable costs (direct materials cost, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). Variable manufacturing overhead costs are allocated to each dress on the basis of budgeted direct manufacturing labor-hours per dress. For April 2012, each dress is budgeted to take five labor-hours. Budgeted variable manufacturing cost per labor hour is \$15. The budgeted number of dresses to be manufactured in April 2012 is 1,250.. (a). Compute the flexible budget variance. (b). compute the price variance (c). compute the efficiency variance Cost Accounting
14049 urgent waix ltd is a manufacturer with a number of product line, impairment
13993 Consider the following data collected for Great Homes, Inc.: Direct Materials Direct Manufacturing Labor Cost incurred: Actual inputs × actual prices \$200,000 \$90,000 Actual inputs × standard prices  214,000  86,000 Standard inputs allowed for actual output × standard prices  225,000  80,000 Compute the price, efficiency, and flexible-budget variances for direct materials and direct Cost Accounting
13992 I am needing help with 2 homework problems and do not have enough time to figure out how to get the answers Cost Accounting
13950 This assignment is serious. I will send the details during handshake Accounting for assets
13939

I will send you the budgets instructions, and I will send you an excel sheet that has these budgets, you only need to fill up the yellow and red cells " THE YELLOW CELLS MUST BE FORMULAS". There are also checkpoints to help keep you on track

some budgets " sales budget, cash collections, purchase budget, operating expense budget,cash budget, budgeted balance statement, and FIFO calculation"
13888 One hw assignment excel due on blackboard questions: E12A-4; P12A-1A; P12A-3A; P12A-4A; P12A-5A and P12A-5B one wiley plus hw assignment one quiz due February 12 need 90% grade or higher 3 accounting hw and quizz
13887 One hw assignment excel due on blackboard questions: E12A-4; P12A-1A; P12A-3A; P12A-4A; P12A-5A and P12A-5B one wiley plus hw assignment one quiz due February 12 need 90% grade or higher 3 accounting hw and quizz
13862

Accounting Final Exam

Open on december 15 only

final
13861

accounting test

open only on december 11 on blackboard

test
13860

2 accounting chapter on wiley plus

accounting hw
13858 waix ltd is a manufacturer with a number of product line impairment of asset
13851

Principles of accounting exam

Open only on tuesday the whole day

on blackboard

accounting exam
13846

Blackboard/wiley plus Module 4 chapter 19 and 20 Hw assignment and quiz 8 and 9

Accounting: 2 HW & 2 Quizzes
13843

principle of accounting ll practice set question.

NEED 100% GRADE ON THIS QUESTION

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accounting practice set