Chapter 8 Comprehensive Problem Set Current Assets
INVENTORY



   
Obtain the entire Current Assets Problem Workbook via the linked image at right, above.
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LINKS

OBJECTIVE

EXCEL PROBLEM WORKSHEET  

Basic

B-08.01

Inventory categories, shipping, and costs to include in inventory

B-08.02

Consigned inventory

B-08.03

Basic inventory cost flow concepts

B-08.04

Basic "periodic" calculations for inventory, FIFO, LIFO, average cost

B-08.05

Basic "perpetual" calculations for inventory, FIFO, LIFO, average cost

B-08.06

Inventory journal entries - periodic and perpetual

B-08.07

Specific identification method

B-08.08

Lower of cost or market

B-08.09

Gross profit estimation technique

B-08.10

Retail inventory techniques

B-08.11

Inventory ratio analysis

B-08.12

Inventory errors
       

Involved

I-08.01

Inventory accounting concepts

I-08.02

Periodic inventory - application of methods

I-08.03

Perpetual inventory - application of methods

I-08.04

Team-based study of inventory methods and analysis

I-08.05

Inventory estimates, errors, and adjustments
           

The preceding table includes links to "Basic" and "Involved" problems.  Each "Excel" icon ( ) link will download the file containing a spreadsheet for the problem and a template worksheet on which you can prepare the solution electronically.  If you see a light bulb icon on a worksheet, just mouse over above the icon and a comment box will appear.  The comments include useful suggestions for improving your spreadsheet skills.

Solutions to these problems may be obtained from your instructor, however you may not post or redistribute, electronically or otherwise, any such solution material.   Solution material may be provided to you for your sole use only, at the discretion of your individual instructor.  Violation of this policy constitutes a copyright violation.   Alternative problems, with solutions, may be found under the "Exercises" tab within each chapter.  Video solutions to selected problems are available to students enrolling in the online course.