1 Given Data P17.06A 3ANDERSON SAILING COMPANY Inventory Data August 1, 2013 Retail Cost 8 28 Starfish$ 35,000 9 30 Perch 47,000 75,000 25,000 50,000 29,500 55,000 21,000 41,000 10 24' Sea King 11 30 Holiday 12 20 Lake King23,000 13 14 Additional Information 15 August sales at retail value shown above: 16 30 Holiday 17 20' Lake King 18 19 20 21 23 24 25 26 27 28 P17.01A Given P17.01A P17.02A Gven P17.02AP17.03A Ready O Type here to search Student Name: Class: Problem 17.06A 4 ANDERSON SAILING COMPANY 7 2. Cost of items still on hand in ending inventory on August 31: Cost Item 10 12 13 14 15 16 3. Cost of Goods Sold during August: 17 18 Cost Item 19 20 21 23 24 25 26 27 r w. p 17.01 A Given P17.01A , P17.02A Given P17.02A P17.03A Given p17.03A p17 Ready Given P17.01A O Type here to search Copy Paste Format Painter Alignment Font Clipboard ! 'Given Data P1703A A1 Given Data P1703A 1 - ELECTRONICS SUPPLY COMPANY Inventory Data Market Value Unit Cost Quantity 8 Printing Cartridges 9 Item 119 10 Item 120 11 ltem 121 12 13 Fax Machines 14 Item 210 15 Item 211 16 Item 212 17 50 $ 16.00 16.50 60 90 17.10 23.50 17.25 23.00 89.00 186.00 210.00 86.00 192.00 225.00 15 10 18 19 20 21 23 25 26 27 P17.01A Gven P17.01A P17.02AGiven P17.02A P17.03A Given R17.03A P17. Ready O Type here to search f 'Given Data P17.02A A1 1 Given Data P17.02A COMPUTER PROGRAM SMART OUTLETS Inventory Data Units Cost Inventory January 1 107.00 170 8 Purchases 9 May 10 10 August 18 11October1 12 Inventory, December 31 110 180 170 175 105.00 104.00 105.00 14 15 17 19 20 21 23 24 25 26 27 28 01A Gven P17.01A P17.02A Given P32A P17.03A Given P17 P17. Ready O Type here to search COMPUTER PROGRAM SMART OUTLETS 6 lequirement 1: Unit Cost Number of Units Total Cost 8 Description 9 Beginning Inventory. Januarg 1 10 Purchases: 12 13 Total Merchandise Available for SalewwWWW 15 16 17 18 Description 19 a. FIFO Method 20 Unit Inventor Cost Cost Valuation Goods Sold of Units 23 24 b. LIFO Method 26 27 29 c. Average Cost Method 31 32 33 Requirement 2: 35 Lover of Valuation Based on Number Yaluation Cost or Market 37 Method 38 a. FIFO of Units Cos Market Basis 39 b. LIFO 40 c. Average Cost 42 3 Analyze: The difference between cost and market value of inventory using LIFOis P17.01AGiven P17.01A P17.02A Given P17.02A P17.03A Given P K Ready te O Type here to search 1Given Data P17.01A DAVENPORT COMPANY Inventory Data Units Cost lii Inventory January 8 Purchasesi 9Janua 10 January 15 hlJanuary 22 12 Inventory Danuary 91 90 103.00 102 00 102 00 96.00 60 45 35 20 25 26 27 P1Z.O1A Given P 01A P17.02A Given P17.02A P17.03A Given P1Z Ready O Type here to search Student Name Class Problem 17.01A DAVENPORT COMPANY Total Cost Unit Cost Number of Units 7 Description 8 Beginning Inventory, January 9 Purchases: 10 January 6 11 January 15 12 January 22 3 Total Merchandise Available for Sale 14 15 16 a. Average Cost Method 17 Cost of Ending Inventory 18 9 b. FIFO Method 20 From January 22 Purchase 21 From January 15 Purchase 22 From January 6 Purchase 23 24 25 c. LIFO Method Cost from Beginning Inventory 26 27 3A P17.06A.Gvenp 17.01A Green P17.01A P17.02A Gven P17.02A P17.03A Ready Type here to search O DOL