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Exercise 9-7 Incorrect answer. Your answer is incorrect. Try again. Carla Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Quantity Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit 1320 1,400 $3.81 $3.57 $5.36 $0.42 $1.49 1333 1,100 3.21 2.74 4.17 0.60 0.60 1426 1,000 5.36 4.40 5.95 0.48 1.19 1437 1,200 4.28 3.69 3.81 0.30 1.07 1510 900 2.68 2.38 3.87 0.95 0.71 1522 700 3.57 3.21 4.52 0.48 0.60 1573 3,200 2.14 1.90 2.98 0.89 0.60 1626 1,200 5.59 6.19 7.14 0.60 1.19 From the information above, determine the amount of Carla Company inventory. The amount of Carla Companys inventory $

Exercise 9-9 Incorrect answer. Your answer is incorrect. Try again. Sweet Realty Corporation purchased a tract of unimproved land for $54,000. This land was improved and subdivided into building lots at an additional cost of $30,000. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows. Group No. of Lots Price per Lot 1 8 $3,900 2 17 5,200 3 16 3,120 Operating expenses for the year allocated to this project total $16,000. Lots unsold at the year-end were as follows. Group 1 5 lots Group 2 7 lots Group 3 2 lots At the end of the fiscal year Sweet Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational purposes to 4 decimal places, e.g. 78.7234% and final answer to 0 decimal places, e.g. 5,845.) Net income $

Exercise 9-12 At December 31, 2017, Sage Company has outstanding noncancelable purchase commitments for 38,000 gallons, at $3.30 per gallon, of raw material to be used in its manufacturing process. The company prices its raw material inventory at cost or market, whichever is lower. Partially correct answer. Your answer is partially correct. Try again. Assuming that the market price as of December 31, 2017, is $2.97, record the journal entry. (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. Round answers to 0 decimal places, e.g. 6,225.) Date Account Titles and Explanation Debit Credit Dec. 31 Entry field with incorrect answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Entry field with correct answer Partially correct answer. Your answer is partially correct. Try again. Give the entry in January 2018, when the 38,000-gallon shipment is received, assuming that the situation given in (b2) above existed at December 31, 2017, and that the market price in January 2018 was $2.97 per gallon. Prepare the journal entry for when the materials are received in January 2018. (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. Round answers to 0 decimal places, e.g. 6,225.) Date Account Titles and Explanation Debit Credit Jan. 2018 Entry field with correct answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer Entry field with correct answer Entry field with incorrect answer

PLEASE ANSWER ALL QUESTIONS, IN DIRE NEED AND SO STUCK!! THANK YOU FOR ALL YOUR HELP, I GREATLY APPRECIATE IT!!!

My Professor ot back to me, All I need assistance with now is 9-12 please and thank you again!!!