Business Ebook John Wiley Sons Inventory Accounting 6 ppt

Business Ebook John Wiley Sons Inventory Accounting_2 pdf

Business Ebook John Wiley Sons Inventory Accounting_2 pdf

... adapted from Chapter 40 of Bragg, Cost Accounting, John Wiley & Sons, 2001. c04_4353.qxd 11/29/04 9:21 AM Page 51 35 3 Inventory Control Systems 3-1 Introduction Inventory is a difficult asset to ... with inventory are incorrect. This chapter begins with a discussion of control systems and then de- scribes a list of 68 possible inventory controls in such areas as in-transit...

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Business Ebook John Wiley Sons Inventory Accounting_3 potx

Business Ebook John Wiley Sons Inventory Accounting_3 potx

... there is a history of who took them. 66 / Inventory Accounting c04_4353.qxd 11/29/04 9:21 AM Page 66 ciple and most accurate tools for identifying obsolete inventory. The combination of all of ... Bragg, Inventory Best Practices, John Wiley & Sons, 2004. The forms and reports in this chapter are adapted with permission from Chapter 4 of Bragg, GAAP Implementation Guide, Jo...

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Business Ebook John Wiley Sons Inventory Accounting_5 pot

Business Ebook John Wiley Sons Inventory Accounting_5 pot

... Total Beginning inventory $1 86, 400 $ 264 ,800 $329 ,60 0 $780,800 Quarter ending inventory March 183,400 261 ,950 319,900 765 ,250 June 1 76, 400 2 56, 180 3 26, 910 759,490 September 169 ,400 250,580 319,910 ... 2 261 ,950 432,000 332 ,64 0 415,800 1,180,440 1,1 86, 210 2 56, 180 Quarter 3 2 56, 180 353,000 271,800 338,700 963 ,500 969 ,100 250,580 Quarter 4 250,580 327,000 250,800 3...

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Business Ebook John Wiley Sons Inventory Accounting_6 ppt

Business Ebook John Wiley Sons Inventory Accounting_6 ppt

... Period Inventory Layer Cost Cost/Unit 05/03/03 500 $10.00 450 50 50 $500 $500 $10.00 06/ 04/03 1,000 $9.58 350 700 65 0 $6, 227 $6, 727 $9 .61 07/11/03 250 $10 .65 400 550 –150 $0 $5,2 86 $9 .61 08/01/03 475 $10.25 350 67 5 125 $1,281 $6, 567 $9.73 08/30/03 375 $10.40 400 65 0 –25 $0 $6, 324 $9.73 09/09/03 850 $9.50 700 800 150 $1,425 $7,749 $9 .69 12/12/03 700 $9.75 900 60 0...

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Business Ebook John Wiley Sons Inventory Accounting_7 pptx

Business Ebook John Wiley Sons Inventory Accounting_7 pptx

... items in front of an 1 56 / Inventory Accounting c11_4353.qxd 11/29/04 9:28 AM Page 1 56 159 12 Inventory Transactions 12-1 Introduction This chapter describes the most common inventory- related journal ... made to an inventory valuation account instead, from which specific write-offs can be completed at a later date. 160 / Inventory Accounting c12_4353.qxd 11/29/04 9:28 AM Pa...

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Business Ebook John Wiley Sons Inventory Accounting_8 potx

Business Ebook John Wiley Sons Inventory Accounting_8 potx

... the clos- ing inventory of the taxpayer for the replacement year at the inventory cost basis of the goods replaced. 168 / Inventory Accounting c13_4353.qxd 11/29/04 9:29 AM Page 168 related paperwork. ... replaced during such year, over (B) such aggregate replacement cost. 166 / Inventory Accounting c13_4353.qxd 11/29/04 9:29 AM Page 166 (B) the adjustment for each such separa...

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Business Ebook John Wiley Sons Inventory Accounting_9 potx

Business Ebook John Wiley Sons Inventory Accounting_9 potx

... 74% 76% 78% 80% E-F Davis L. 61 % 64 % 67 % 70% 73% 76% G-H Jeff R. 54% 58% 62 % 66 % 70% 74% I-J Alice R. 12% 17% 22% 27% 32% 37% K-L George W. 81% 80% 79% 78% 77% 76% M-N Robert T. 50% 60 % 65 % 70% ... Controllership Supplement, John Wiley & Sons, 2004. c15_4353.qxd 11/29/04 9:30 AM Page 193 15-8 Inventory Quantity Management There are many ways to reduce inventory le...

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Business Ebook John Wiley Sons Inventory Accounting_10 potx

Business Ebook John Wiley Sons Inventory Accounting_10 potx

... Division- $ 36. 16 $ 51.07 $ 62 .32 $ 12.71 $ 162 . 26 100% Specific (15%)Cost Margin On $ 5.42 $ 7 .66 $ 9.35 $ 1.91 Division-Specific Cost Price Based on $ 41.58 $ 58.73 $ 71 .67 $ 14 .62 Division-Specific ... expensive for it to make any profit when it is finally time to sell 2 26 / Inventory Accounting c 16_ 4353.qxd 11/29/04 9:31 AM Page 2 26 cause the alternative of a mul...

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Business Ebook John Wiley Sons Inventory Accounting_11 potx

Business Ebook John Wiley Sons Inventory Accounting_11 potx

... 175–191 Customer-owned, 65 Fraud, 51 66 In transit, 36 37 Measurements, 68 –89 Off-site, 41–42 Physical, see Physical Count Stocking, 37–39 Storage, 39–41 Tag, 91, 180 Theft, 65 66 Transactions, 49–50, 159– 162 Turnover, ... 38 FIFO Inventory valuation, 109–111 Racking, 43 Finished goods Budgeting, 104–107 Journal entries, 160 Floor stock, 198 Fraud, inventory, 51 66 Full costing,...

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john wiley & sons - interpretation and application of international accounting standards 2003

john wiley & sons - interpretation and application of international accounting standards 2003

... Wiley IAS 2003: Interpretation and Application of International Accounting Standards by Barry J. Epstein and Abbas Ali Mirza ISBN:0471227 366 John Wiley & Sons © 2003 (952 ... other words. Wiley IAS 2003: Interpretation and Application of International Accounting Standards by Barry J. Epstein and Abbas Ali Mirza ISBN:0471227 366 John Wiley & Sons © 2003 (952...

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