Assignments: Week of December 2

12/2 LOWER OF COST OR MARKET; THE RETAIL METHOD

Read Chapter 10: 474-483
Study journal entries due 11/25, 11/26

Case 9-6 due

12/3 THE RETAIL METHOD; DOLLAR VALUE LIFO

Blame the IRS, not the FASB for this one
Read Chapter 10: 483-495
Do E 10-1 (Cost flow assumptions--periodic only), E 10- 9 (LCM)

12/5 INVENTORY

Read Chapter 10: 495-506
Do E10-16 (Retail), P10-16 (Dollar Value LIFO); Chapter 10 Multiple Choice Review

 

Return to Acc 201 page

Return to my home page