What criteria are used to determine which of Diane s costs are inventoriable? Are Diane s administrative costs inventoriable?

written by - Comments off

1. (a) What criteria are used to determine which of Diane s costs are inventoriable? (b) Are Diane s administrative costs inventoriable? 2. (a) Diane uses the lower of cost or market rule for its wholesale inventories. Explain the theoretical arguments for that rule. (b) The replacement cost of the inventories is below the net realizable value less a normal profit margin, which, in turn, is below the original cost. Explain the amount that is used to value the inventories. 3. Diane calculates the estimated cost of its ending inventories held for sale at retail using the conventional (lower of average cost or market) retail inventory method. Explain how Diane would treat the beginning inventories and net markdowns in calculating the cost ratio used to determine its ending inventories.

Basic help starts at : $20

Note: The price above is for the most basic, custom help we offer with this question, it includes some outlining and limited research on your topic. We also offer advanced help as well as the entire tutorial. [wp_eStore:product_id:17727:end][wp_eStore_cart]

© 2010 oxenMINE.com: Customized Homework help. - Powered by OM