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MCD2060 Trimester 2 2011 Tutorial 2 Inventory promontorys Handout From the unit of measurement Outline 1. Chapter 2 Q 2, 3, 5, 6, 7, 10, 11, 12, 14, 15, 16, 20, 23 and Problems 4, 6, 10 2. Chapter 9 Questions 2, 3, 5, 6, 7, 8, 9 and Chapter 9 Problems 1, 2, 3, 4, 7, 8 3. Case flying field Question Billabong and GUD Before approaching to Tutorial 2 Readings decreed textbooks Peirson, G., & Ramsay, A. (2009). An butt to financial accounting. Melbourne: Pearson-Prentice-Hall. (Customised Book ISBN 978 1 4425 19770). Accounting handbook (2010), CPAs, Melbourne, Pearson-Prentice-Hall.

- ordained Textbook chapter 1 (overview only), chapter 2 (Trading Businesses), chapter 9 (Current Assets emphasis on inventory) - Accounting handbook AASB 102 Inventory Additional readings - Hoggett Accounting seventh pas seul chapter 6, chapter 19 - Horngren chapter Financial Accounting 5th edition chapter 5, chapter 6 Before coming to Tutorial 2 post to your tutorial group in blackboard your attempt of the following questions a) in short formulate the features of utter(a) inventory (not less than 50 words) Asset - wind b) curtly explain the features of periodic inventory (not less than 50 words) Expense not track, once purchased considered change c) Briefly describe between the following cost methods (not less than 50 words) identify Cost not interchangeable Eg MV engine takings Average AASB 102 par 25 and following interchangeable we ight average pathetic aver! age FIFO interchangeable confidence that the oldest percentage point is sold first LIFO Assumption that the newest item is sold first Lecture 1 summary err 46 d) If prices are locomote what method of costing provide result in the highest closedown inventory FIFO e) Briefly explain what factors may lead to the Net tangible pass judgment falling...If you want to get a full essay, baseball inn it on our website: BestEssayCheap.com

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