Accounting 210 Chapter 5 exercise

May have to use zoom to see numbers

AutoSave OF AAP 2G ... ACC 210 Chapter 5 Exercises Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Arial v 10 ~ A Wrap Text General E. Insert v X LA 7 0 0 v Delete Paste B 1 U y AvA = = = - Y Merge & Center Conditional Format Cell Formatting es Table Styles Sensitivity Sort & Filter # Format Find & Select Analyze Data V L21 A B C D E F G . I KL MN 0 P Q R 5 TU V W X Y Z AA AB AC A physical inventory of Liverpool Cornparty Laken al December 31 reveals the folowing. Per Unit Cost Market Units Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equiment Alarms Locks 345 250 326 2941 380 111 86 52 B 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2B 29 30 S98 100 95 41 480 291 212 150 93 310 125 84 322 Cameras Binocular equipment Tripods Stabilizers 145 170 14 1015 ASSASSAR Required: 1. Compute the lower of cost ar market for the inventory applied separately to each item 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account Total Item Units Per Uni. Cost Market LCM applied to Entire Individual Inventory Hems Market Cost $31.050 26.000 28036 B.384 31 32 33 34 35 36 37 3B 39 40 41 42 43 Car Audio equipment Sneakers Starcos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipment Tripods Stabilizers Total 80 000 24.444 85.720 12950 16.490 $273.054 Date December 31 45 46 47 48 49 50 51 52 Exercise 5-3 Exercise 5-7A Exercise 5-17 Exercise 5-19 Problem 5-6 + Ready + 106%