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: 398 Weeks Ago, 1 Day 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 > Applied Sciences Posted 24 Sep 2017 My Price 6.00

Malone Company

(Entries for Lower-of-Cost-or-Market—Cost-of-Goods-Sold and Loss) Malone Company determined its ending inventory at cost and at lower-of-cost-or-market at December 31, 2011, December 31, 2012, and December 31, 2013, as shown below.

 

Cost

Lower-of-Cost-or-Market

12/31/11

$650,000

$650,000

12/31/12

780,000

712,000

12/31/13

905,000

830,000

Instructions

(a) Prepare the journal entries required at December 31, 2012, and at December 31, 2013, assuming that a perpetual inventory system and the cost-of-goods-sold method of adjusting to lower-of-cost-or market is used.

(b) Prepare the journal entries required at December 31, 2012, and at December 31, 2013, assuming that a perpetual inventory is recorded at cost and reduced to lower-of-cost-or-market using the loss method.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 11:09 PM My Price 6.00

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)