Exam (elaborations)

SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES Latest Update Questions and Correct Answers Rated A+

0 purchase

Course
CMA - Certified Management Accountant

Institution
CMA - Certified Management Accountant

SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES Latest Update Questions and Correct Answers Rated A+ SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES Latest Update Questions and Correct Answers Rated A+ SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES Latest Update Questions and Correct Answers Rated A+

[Show more]

Preview 4 out of 155 pages

View example

Uploaded on February 12, 2024
Number of pages 155
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

Institution CMA - Certified Management Accountant
Course CMA - Certified Management Accountant

kiarienaomi88 Member since 1 year 86 documents sold

$7.99

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Solution Manual for Accounting Principles,
Volume1, 7th Canadian Edition by Jerry J.
Weygandt, Donald E. Kieso
CHAPTER

,ASSIGNMENT CLASSIFICATION TABLE

Problems
Brief Problems

Set B
Learning Objectives Questions Exercises Exercises Set A

1. Describe the steps in
determining inventory
quantities.
1, 2, 3 1, 2 1, 2 1, 7 1, 7

2. Calculate cost of goods
sold and ending inventory in
a perpetual inventory system
using specific identification,
FIFO, and weighted average
2, 3, 4, 5,
methods of cost 3, 4, 5, 6, 3, 4, 5, 6, 2, 3, 4, 5, 6, *12,
4, 5, 6
determination. 7, 8 7, *15, *166, *12, *13
*13

3. Determine the financial
statement effects of
inventory cost determination
methods.
7, 8, 9 9, 10 6, 7 4, 5 4, 5

4. Determine the financial
statement effects of 10, 11, 11, 12 8, 9 3, 7, 8 3, 7, 8
inventory errors

,5. Value inventory at the
lower of cost and net 12, 13, 14 13, 14 10, 11 6, 9 6, 9
realizable value.
6. Demonstrate the
presentation and analysis of
inventory. 15, 16, 17,
15, 16 11, 12 8, 10 8, 10
18

*7. Calculate ending
inventory and cost of goods
sold in a periodic inventory
system using FIFO and
weighted average inventory
cost formulas (Appendix *19, *20, *13, *14, *11, *12, *11, *12,
*17, *18
6A). *21 *15, *16 *13 *13

*8. Estimate ending
inventory using the gross
profit and retail inventory
methods (Appendix 6B).
*22, *23,
*19, *20 *17, *18 *14, *15 *14, *15
*24

ASSIGNMENT CHARACTERISTIC TABLE

, Problem Numbe Time
r

Difficulty Level
Allotted
Description
(min.)

Identify items in inventory.

1A Moderate 20-25

Apply specific identification.

2A Simple 15-20

Apply perpetual FIFO. Record sales and
inventory adjustment and calculate gross
profit, and answer questions.
3A Moderate 20-25

Apply perpetual weighted average and
answer questions.

4A Moderate 20-25

Apply perpetual FIFO and weighted
average. Answer questions about financial
statement effects.
5A Moderate 35-45

6A Record transactions using perpetual Moderate 35-45
weighted average. Apply LCNRV.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kiarienaomi88. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69411 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Exam (elaborations)

SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES Latest Update Questions and Correct Answers Rated A+

Document information

Subjects

Written for

Seller

Reviews received

Content preview