I have no way of scanning or copy the questions, sorry. Chapter 4, PA4-5 is on page 184 and Chapter 7, E7-16 is on page 324 of the text book second edition. I hope this helps us out.
which edition are you using please?
Please click here for the solutions
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Close, They have change it from your book to what my book has. I will see if I can get my scanner to work and send you a copy of what I have or I will type it out for you. Back to you soon. Thanks.
you do not need to scan it. if you have the book in pdf format, you can upload it to www.mediafire.com then copy and paste the share link here and I will be able to open it
In Millions 2005 2004
Finished Products 7,224 7,799
Raw material & work in process, supplies 4,056 3,968
Total inventories at FIFO 11,280 11,767
Less LIFO adjusted (1,009) (1,001)
total inventories 10,271 10,766
Req. 1. Given the amount of Ford LIFO reserve at the end of 2005 are cost rising or falling in this industry?
2. The total cost of goods sold reported by Ford for 2005 was 144,944 million. Using the COGS equation and the LIFO balance above determine the cost of inventory acquired (purchase) during 2005.
3. If Ford had used FIFO its cost of goods sold would have been 144,952 for 2005 (under LIFO it was 144,944 million). Calculate the inventory turnover ratio and days to sell under LIFO and FIFO, and comment on the significance of the inventory costing methods to these analyses of Ford inventory.
The problem is not complete the way you typed it, there is the part that says "If FIFO were used by the company, inventoried would..." The part that is right under the table.
When is your deadline for this?
This is what I have sent you above: