Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 7.00

inventory valuation

#1.

  Units Unit Cost Total Cost
Beginning Inventory 160,000 $1,00 $160,000
Purchase #1 60,000 $1.50 $90,000
Purchase #2 60,000 $2.00 $120,000
Ending Inventory 30,000    
Replacement cost on market   $1.40  
       
     
       
2. Complete the following table ALL CALCULATIONS must be indicated via EXCEL formulas
 
Method: Ending Inventory:$ COGS:$
FIFO    
LIFO    
Average Cost    

3. Which Inventory method you reccommend for reporting for income tax purpases? why?

4. The company is operating in an inflationary environment. Which method should the company use to maximize inventory valuation? why?

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 05:08 PM My Price 7.00

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