ACC 205 Week 3 Exercise 4 Inventory valuation methods computations and concepts

ACC 205 Week 3 Exercise 4 Inventory valuation methods computations and concepts

Product Description

Inventory valuation methods: computations and concepts. Wave Riders Surfboard Company began business on January 1 of the current year. Below are the transactions for the year


1/3: Purchase 100 boards @$125
3/17: Sold 50 boards @ $250
4/3: Purchase 200 boards @$135
5/17: Sold 75 boards @ $250
6/3: Purchase 100 boards @$145
1/3: Purchase 100 boards @$155
3/17: Sold 300 boards @ $250
1/3: Purchase 100 boards @$140

Wave Riders uses a perpetual inventory system.


  1. Calculate cost of goods sold, ending inventory, and gross profit under each of the following inventory valuation methods:
  • First-in, first-out
  • Last-in, first-out
  • Weighted average
  1. Which of the three methods would be chosen if management’s goal is to

(1) produce an up-to-date inventory valuation on the balance sheet?

(2) approximate the physical flow of a sand and gravel dealer?


Follow this link to get a similar paper written from scratch
Place an order for this assignment or any other paper with us. We guarantee that the paper will be delivered within the specified deadline. We also have a personalized customer support and you will be able to communicate with your writer throughout the order preparation process. Thank you for choosing us.


Have troubles with paper writing? You’ve found the right paper writing company! We are the leading essay writing services that provides quality papers for a reasonable price. On our website, you can order various assignments. Our work is 100% original. We write your essay from scratch, according to the exact specifications of your assignment. We guarantee it will pass any plagiarism check

Get Your Papers Completed by Expert Writers

Order essays, term papers, research papers, reaction paper, research proposal, capstone project, discussion, projects, case study, speech/presentation, article, article critique, coursework, book report/review, movie review, annotated bibliography, or another assignment without having to worry about its originality – we offer 100% original content written completely from scratch


Related Posts

© All Right Reserved