E6-15 please and thank you
111 Compute Deere's inventory turnover and days in inventory for 2017. (Round inventory turnover to 2 decimal places.) b) Compute Deere's current ratio using the 2017 data as presented, and then again after adjusting for the LIFO reserve. (c) Comment on how ignoring the LIFO reserve might affect your evaluation of Deere's liquidity. +E6-14 Inventory data for Jeters Company are presented in E6-7. Instructions (a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Note: For the moving average method, round unit cost to three decimal places.) (b) How do the results differ from E6-7? (c) Why is the average unit cost not $6 [($5 + $6 + $7) + 3 = $6]? Calculate inver goods sold usit methods in a system. (LO 4), AP 48 *E6-15 Information about Mather is presented in E6-4. Additional data regarding the Apply cost company's sales of EZslide snowboards are provided below. Assume that Mather uses a perpetun perpetual inventory system. (LO 4), AP Date Units Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale 46 Totals 102 102 Instructions Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Note: For moving-average, round unit cost to three decimal places.) *E6-16 Dowell Hardware reported cost of goods sold as follows. Determ errors. 2017 2016 005) 111 Compute Deere's inventory turnover and days in inventory for 2017. (Round inventory turnover to 2 decimal places.) b) Compute Deere's current ratio using the 2017 data as presented, and then again after adjusting for the LIFO reserve. (c) Comment on how ignoring the LIFO reserve might affect your evaluation of Deere's liquidity. +E6-14 Inventory data for Jeters Company are presented in E6-7. Instructions (a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Note: For the moving average method, round unit cost to three decimal places.) (b) How do the results differ from E6-7? (c) Why is the average unit cost not $6 [($5 + $6 + $7) + 3 = $6]? Calculate inver goods sold usit methods in a system. (LO 4), AP 48 *E6-15 Information about Mather is presented in E6-4. Additional data regarding the Apply cost company's sales of EZslide snowboards are provided below. Assume that Mather uses a perpetun perpetual inventory system. (LO 4), AP Date Units Sept. 5 Sale Sept. 16 Sale Sept. 29 Sale 46 Totals 102 102 Instructions Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Note: For moving-average, round unit cost to three decimal places.) *E6-16 Dowell Hardware reported cost of goods sold as follows. Determ errors. 2017 2016 005)
