Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 11.00

types of vehicles

A local Chevrolet dealership carries the following types of vehicles:

Inventory Items Quantity Cost per
Unit		 Market
(replacement cost)
per Unit
Vans 3 $22,000 $20,000
Trucks 6 17,000 16,000
2-door sedans 2 12,000 14,000
4-door sedans 7 16,000 19,000
Sports cars 3 32,000 35,000
SUVs 5 28,000 23,000

 

Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks.

references

 

5.value:
2.00 points

Problem 6-4A Part 1

Required:
1. Compute the total cost of the entire inventory.(Omit the "$" sign in your response.)

 

Total cost $

check my workeBook Linkreferences

6.value:
2.00 points

Problem 6-4A Part 2

2. Determine whether each inventory item would be reported at cost or market and then determine the total cost of the entire inventory items.(Omit the "$" sign in your response.)

 

Inventory Items Lower of Cost
or Market		 Total
Vans $ $
Trucks    
2-door sedans    
4-door sedans    
Sports cars    
SUVs    
   
Total   $
   

check my workeBook Linkreferences

7.value:
1.00 points

Problem 6-4A Part 3

3. Prepare necessary entry to write down inventory from cost to market value.(Omit the "$" sign in your response.)

 

General Journal Debit Credit
(Click to select)Cost of goods soldPurchases freight-inInterest expensePurchase returnsCashAccounts payableSales returnsInventory    
(Click to select)CashCost of goods soldSales returnsPurchases freight-inPurchase returnsAccounts payableInterest expenseInventory    

check my workeBook Linkreferences

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 09:08 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)