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Using Black Comp. Question: POC Method 9000000 Less: CR Method 7000000 2000000 Multiply by (1-30%) 70% Answer: 1400000 in RE

The document compares two costing methods for inventory valuation and calculates the resulting effect on retained earnings. It shows using the periodic weighted average method for one inventory item results in $1,400,000 in retained earnings, while using the moving average method for another inventory item results in $500,000 addition to inventory.

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Maria Emarla Grace Canoza
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62 views2 pages

Using Black Comp. Question: POC Method 9000000 Less: CR Method 7000000 2000000 Multiply by (1-30%) 70% Answer: 1400000 in RE

The document compares two costing methods for inventory valuation and calculates the resulting effect on retained earnings. It shows using the periodic weighted average method for one inventory item results in $1,400,000 in retained earnings, while using the moving average method for another inventory item results in $500,000 addition to inventory.

Uploaded by

Maria Emarla Grace Canoza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Using black comp.

question:

POC method 9000000

Less: CR method 7000000

2000000

Multiply by(1-30%) 70%

Answer: 1400000 in RE
Using orca question:

Jan 1 WA method 7700000

Less: jan 1 fifo 7200000

500000 addition

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