Hello, I have a few problems I need help on. I attached them to this post. The book isIntermediate Accounting, 16th Edition, Kieso, 9781119170785.

Exercise 9-3 Blue Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity Cost per Unit Estimated Selling Price Cost to Complete and Sell 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 $3.62 3.05 5.09 4.07 2.54 3.39 2.03 5.31 $5.09 3.84 5.65 3.62 3.67 4.41 2.83 6.78 $1.81 1.13 1.58 1.53 1.58 0.90 1.36 1.70 From the information above, determine the amount of Blue Company inventory. $ The amount of Blue Company's inventory Exercise 9-8 Kingbird Company began operations in 2016 and determined its ending inventory at cost and at lowerof-cost-or-market at December 31, 2016, and December 31, 2017. This information is presented below. Cost 12/31/16 12/31/17 Lower-of-Cost-or-Market $343,570 383,460 $323,290 366,820 (a) Prepare the journal entries required at December 31, 2016, and December 31, 2017, assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods-sold method) is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/16 12/31/17 (b) Prepare journal entries required at December 31, 2016, and December 31, 2017, assuming that the inventory is recorded at market under a perpetual system (loss method is used). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/16 12/31/17 (c) Which of the two methods above provides the higher net income in each year? Exercise 9-16 Blossom Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. The corporation's books disclosed the following. Beginning inventory Purchases for the year Purchase returns $164,700 Sales revenue 415,300 $677,100 Sales returns 23,500 Rate of gross profit on net sales 27,700 30 % Merchandise with a selling price of $19,100 remained undamaged after the fire. Damaged merchandise with an original selling price of $13,800 had a net realizable value of $5,300. Compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage. $ Amount of the loss Exercise 9-19 Presented below is information related to Whispering Corporation for the current year. Beginning inventory $ 600,400 Purchases 1,490,900 Total goods available for sale Sales revenue $2,091,300 2,465,000 Compute the ending inventory, assuming that (a) gross profit is 42% of sales, (b) gross profit is 60% of cost, (c) gross profit is 32% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 42% of sales (b) Gross profit is 60% of cost (c) Gross profit is 32% of sales (d) Gross profit is 25% of cost $ $ $ $ Exercise 9-22 The records of Sheridan's Boutique report the following data for the month of April. Sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight on purchases $103,300 2,200 9,000 1,600 9,500 3,100 Purchases (at cost) Purchases (at sales price) Purchase returns (at cost) Purchase returns (at sales price) Beginning inventory (at cost) Beginning inventory (at sales price) $52,100 95,200 2,200 3,200 29,725 50,100 2,600 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ Item No. Quantity Cost per Unit 1320 1,700 1333 1,400 $3.62 3.05 1426 1,300 5.09 1437 1,500 4.07 1510 1,200 2.54 1522 1,000 3.39 1573 3,500 2.03 1626 1,500 5.31 The amount of Blue Company's inventory 25630 Exercise 9-8 Part a 12/31/2016 13/31/17 Part b 12/31/2016 12/31/2016 Partc Exercise 9-16 Beginning Inventory Purchases less Purchase returns Goods available for sale less Estimated COGS Sales less Sales returns Net sales less gross profit on sales ($653600 x 30%) Estimated Ending Inventory 415300 27700 677100 23500 653600 196080 Less undamaged goods less Cost of Goods sold of undamaged($19100 x 70%) less salvage value of damaged goods Amount of the loss Exercise 9-19 A Total goods Avialable For Sales Less Cost of Goods sold Sales Gross Profit Cost Of Goods sold Ending Inventory 13370.00 5300 2465000 1035300 B Total goods Avialable For Sales Cost of Goods Sold 2465000*100/160 Ending Inventory 2091300 1540625 550675 C Total goods Avialable For Sales Cost of Good Sold 2465000*(1-.32) Ending Inventory 2091300 1676200 415100 D Total goods Avialable For Sales Cost of Goods Sold 2465000*100/125 Ending Inventory 2091300 1972000 119300 Exercise 9-22 Cost Beginning inventory Purchase Purchase Return Freight On Purchase Totals Add Net Markup markups markups Cancellation 29725 52100 -2200 2600 82225 82225 Deduct Net Markdown Markdown Markdown Cancellation Net Markdown Sales Price of Goods Available Deduct Net Sales Ending Inventory At Retail Cost to Retail Ratio=42000/149500 Ending Inventory At Cost 42000*55.00% 55.00% 23100 Selling Price and Sell Cost to Complete NRV and Sel $5.09 $3.28 $2.71 $4.07 $2.09 $2.09 $3.51 $1.47 $5.08 $1.81 3.84 1.13 5.65 1.58 3.62 1.53 3.67 1.58 4.41 0.9 2.83 1.36 6.78 1.7 of Blue Company's inventory DR CR Cost Of goods sold Inventory 20460 Inventory Cost Of goods sold 16640 Loss on inventory write down 20460 20460 16640 Allowance to reduce inventory to LCM Allowance to reduce inventory to LCM Loss on inventory write down 20460 16640 16640 Both Method Provide Same net Income 164700 387600 552300 457520 94780 LCM Quantity*LCM $3.28 $2.71 $4.07 $2.09 $2.09 $3.39 $1.47 $5.08 5576 3794 5291 3135 2508 3390 5145 7620 36459 18670.00 76110.00 2091300 1429700 661600 Retail 50100 95200 -3200 142100 9000 -1600 7400 149500 9500 -3100 6400 143100 101100 42000 22460 Item No. Quantity Cost per Unit 1320 1,700 1333 1,400 $3.62 3.05 1426 1,300 5.09 1437 1,500 4.07 1510 1,200 2.54 1522 1,000 3.39 1573 3,500 2.03 1626 1,500 5.31 The amount of Blue Company's inventory 25630 Exercise 9-8 Part a 12/31/2016 13/31/17 Part b 12/31/2016 12/31/2016 Partc Exercise 9-16 Beginning Inventory Purchases less Purchase returns Goods available for sale less Estimated COGS Sales less Sales returns Net sales less gross profit on sales ($653600 x 30%) Estimated Ending Inventory 415300 27700 677100 23500 653600 196080 Less undamaged goods less Cost of Goods sold of undamaged($19100 x 70%) less salvage value of damaged goods Amount of the loss Exercise 9-19 A Total goods Avialable For Sales Less Cost of Goods sold Sales Gross Profit Cost Of Goods sold Ending Inventory 13370.00 5300 2465000 1035300 B Total goods Avialable For Sales Cost of Goods Sold 2465000*100/160 Ending Inventory 2091300 1540625 550675 C Total goods Avialable For Sales Cost of Good Sold 2465000*(1-.32) Ending Inventory 2091300 1676200 415100 D Total goods Avialable For Sales Cost of Goods Sold 2465000*100/125 Ending Inventory 2091300 1972000 119300 Exercise 9-22 Cost Beginning inventory Purchase Purchase Return Freight On Purchase Totals Add Net Markup markups markups Cancellation 29725 52100 -2200 2600 82225 82225 Deduct Net Markdown Markdown Markdown Cancellation Net Markdown Sales Price of Goods Available Deduct Net Sales Ending Inventory At Retail Cost to Retail Ratio=42000/149500 Ending Inventory At Cost 42000*55.00% 55.00% 23100 Selling Price and Sell Cost to Complete NRV and Sel $5.09 $3.28 $2.71 $4.07 $2.09 $2.09 $3.51 $1.47 $5.08 $1.81 3.84 1.13 5.65 1.58 3.62 1.53 3.67 1.58 4.41 0.9 2.83 1.36 6.78 1.7 of Blue Company's inventory DR CR Cost Of goods sold Inventory 20460 Inventory Cost Of goods sold 16640 Loss on inventory write down 20460 20460 16640 Allowance to reduce inventory to LCM Allowance to reduce inventory to LCM Loss on inventory write down 20460 16640 16640 Both Method Provide Same net Income 164700 387600 552300 457520 94780 LCM Quantity*LCM $3.28 $2.71 $4.07 $2.09 $2.09 $3.39 $1.47 $5.08 5576 3794 5291 3135 2508 3390 5145 7620 36459 18670.00 76110.00 2091300 1429700 661600 Retail 50100 95200 -3200 142100 9000 -1600 7400 149500 9500 -3100 6400 143100 101100 42000 22460