ACC 205 ENTIRE COURSE(NEW)
For more course tutorials visit
www.uoptutorial.com
ACC 205 Week 1 DQ 1 Accounting Equation
ACC 205 Week 1 DQ 2 Accounts
ACC 205 Week 1 Journal Balance Sheet Journal
ACC 205 Week 2 DQ 1 Accounting Cycle
ACC 205 Week 2 DQ 2 Bank Reconciliation
ACC 205 Week 2 Journal Income Statement Journal
ACC 205 Week 3 DQ 1 LIFO vs. FIFO
ACC 205 Week 3 DQ 2 Depreciation
ACC 205 Week 3 Journal Inventory Journal
ACC 205 Week 4 DQ 1 Current Liability
ACC 205 Week 4 DQ 2 Client Recommendations
ACC 205 Week 4 Journal Future Obligations Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Exercise Assignment Financial Ratios
ACC 205 Week 4 Exercise Assignment Liability
ACC 205 Week 1 Exercise Assignment Basic Accounting Equations
ACC 205 Week 3 Exercise Assignment Inventory
ACC 205 Week 2 Exercise Assignment Revenue and Expenses
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ACC 205 WEEK 3 EXERCISE ASSIGNMENT INVENTORY(NEW)
For more course tutorials visit
www.uoptutorial.com
1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.
Painting Cost
1/2 Beginning inventory Woods $11,000
4/19 Purchase Sunset 21,800
6/7 Purchase Earth 31,200
12/16 Purchase Moon 4,000
Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s
a. cost of goods sold.
b. gross profit.
c. ending inventory.
2. Inventory valuation methods: basic computations. The January beginning...