question 11. need help to solve this problem (CO H) On January 2, Year 1, Logan Co. purchased a manufacturing machine for $864,000. The machine has an 8-year estimated life and a $144,000 estimated salvage value. Logan expects to manufacture 1,800,000 units over the life of the machine. During Year 2, Logan manufactured 300,000 units.

Instructions: Calculate the Year 2 depreciation expense using (1) straight-line depreciation and (2) double-declining balance depreciation.

Question 10:

(CO G) In your audit of Garza Company, you find that a physical inventory on December 31, 2010, showed merchandise with a cost $441,000 was on hand at that date. You also discover the following items were all excluded from the inventory count.

Based on the above information, calculate the amount that should appear on Garzas balance sheet at December 31, 2010, for inventory.

Question 9:

(CO G) Rye Company was formed on December 1, 2010. The following information is available from Rye's inventory record for Product Bread.

	Units	Unit Cost
January 1, 2011 (beginning inventory)	1,700	$17.00
Purchases:
January 5, 2011	2,600	$20.00
January 25, 2011	2,400	$21.00
February 16, 2011	1,000	$22.00
March 15, 2011	2,100	$25.00

A physical inventory on March 31, 2011, shows 3,000 units on hand. Instructions: Prepare schedules to compute the ending inventory at March 31, 2011, under each of the following inventory methods. (a) FIFO (b) LIFO (c) Weighted-average Show supporting computations in good form.