CF Unit4 P7-3At the end of January 2014, the records of Donner Company showed the following for a specific merchandise that offered at $16 per unit:Transactions UnitsAmount Stock, January 1, 2014 500 $ 2,3654.73 Buy, January 12 600 three,6006 Buy, January 26 160 1,2808 Sale (370) Sale (250)Required:1a. Compute Value of Items Bought beneath every methodology of stock: common value, FIFO, LIFO, and particular identification. For particular identification, assume that the first sale was chosen from the starting stock and the second sale was chosen from the January 12 buy. (Spherical unit value to 2 decimal locations. Enter all quantities as optimistic values.)Enter areas are shaded.Common CostCost of Good Obtainable for SaleCost of Items Bought# of UnitsCost per UnitCost of Items Obtainable for Sale# of Models SoldCost per UnitCost of Items SoldBeginning inventoryPurchases:January 12, 2014January 26, 2014Complete FIFOCost of Items Obtainable for SaleCost of Items Bought# of UnitsCost per UnitCost of Items Obtainable for Sale# of Models SoldCost per UnitCost of Items SoldBeginning stock$zero Purchases:January 12, 2014$0January 26, 2014$0Total – $00 LIFOCost of Items Obtainable for SaleCost of Items Bought# of UnitsCost per UnitCost of Items Obtainable for Sale# of Models SoldCost per UnitCost of Items SoldBeginning stock Purchases:January 12, 2014 January 26, 2014 Complete – $ – zero $ four,040Particular IdentificationCost of Items Obtainable for SaleCost of Items Bought# of UnitsCost per UnitCost of Items Obtainable for Sale# of Models SoldCost per UnitCost of Items SoldBeginning stock Purchases:January 12, 2014 January 26, 2014 Complete – $ – zero Required:2a. FIFO and LIFO, which methodology would end in the larger pretax revenue?2b. FIFO and LIFO, which might end in the larger EPS?three FIFO and LIFO, which methodology would end in the decrease revenue tax expense? Assume a 30 % common tax charge.four FIFO and LIFO, which methodology would produce the extra favorable money circulate?
NRS-427V-RS Community Teaching Work Plan Proposal
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