Financial Accounting-w/cd-package
Financial Accounting-w/cd-package
3rd Edition
ISBN: 9780131060876
Author: REIMERS
Publisher: PEARSON
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Chapter 5A, Problem 3EA

Ian’s Small Appliances reported cost of goods sold as follows:

Chapter 5A, Problem 3EA, Ians Small Appliances reported cost of goods sold as follows: Ians made two errors: 1. 2009 ending

Ian’s made two errors:

  1. 1. 2009 ending inventory was understated by $5,000.
  2. 2. 2010 ending inventory was overstated by $2,000.

Calculate the correct cost of goods sold for 2009 and 2010.

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Chapter 5A Solutions

Financial Accounting-w/cd-package

Ch. 5A - Berry Corporation miscounted the ending inventory...Ch. 5A - How would each of the following inventory errors...Ch. 5A - How would each of the following inventory errors...Ch. 5A - Ians Small Appliances reported cost of goods sold...Ch. 5A - Tire Pro Companys records reported the following...Ch. 5A - Matrix Company uses a periodic, weighted average...Ch. 5A - Paiges Office Paper Company uses a perpetual...
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