6-2 Lewis Corporation* Lewis Corporation had traditionally used the FIFO method of inventory valuation. You are given the information shown in exhibit 1 on transactions during the year affecting Lewis’s inventory account. (The purchases are in sequence during the year. The company uses a periodic inventory method). Exhibit 1 Inventory Transactions 2000-2002--------------------------------------------------- 2000 Beginning Balance 1
Free FIFO and LIFO accounting Inventory Generally Accepted Accounting Principles
Units Unit Cost Total Cost From the Beginning Inventory 1840.00 20.00 36800.00 From the first purchase 600.00 20.25 12150.00 From the second purchase 380.00 21.00 7980.00 2820.00 56930.00 From the Second purchase 420.00 21.00 8820.00 From the third purchase 400.00 21.25 8500.00 From the second purchase 200.00 21.50 4300.00 1020.00 21.20 21620.00 Units Unit Cost Total Cost From the Beginning Inventory 1020.00 21.20 21624.00 From the first purchase 700.00 21.50 15050.00 From the second
Free FIFO and LIFO accounting Inventory
Mr. James Lewis “Jimmy Lewis” MacMillan‚ raised on Lots 11 and 12‚ Concession 5‚ known as Brodie Road and in his teens aided the bricklayer on the house that now stands on that property. After Brodie’s lower school he continued on at Mr. McEwen’s College with his sister‚ Mary Jane. In the winter he went to the bush and logged‚ one such winter he went West to Michigan with his brother‚ Duncan Alpin where he stayed for several years. Then he went further west to Wisconsin to work besides‚ visiting
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February is marked by a celebration of African American contributions and is called Black History Month. To honor the people who made wonderful inventions‚ we researched a variety of people and their inventions. The AfrcianAmercian the I research is Lewis Latimer and he is a magnanimous.He worked for 2 people but different times one of them is Thomas Edison. He invented the carbon filament which you guys can’t live without it is the best invention and the useful one any one build. If you guys don’t
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Team Working http://1.bp.blogspot.com/_K52n2Jkv5-I/TLkSVOJVOiI/AAAAAAAADsg/vSQ0WHFrrx0/s1600/3.jpg To me the above picture above depicts teamwork‚ it reflects a combination of skills‚ qualities and values‚ diversity and difference working together with a sole aim or purpose. The football players all have abilities‚ know each other’s roles‚ need to work together‚ need each other‚ and have a clear goal. In health care‚ goals are clearly well recognised‚ specifically patient centred provision
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“The Incredible Journey of Lewis and Clark” Have you ever heard of Lewis and Clark? They made a great trip across America. They discovered new land‚ plants‚ and animals. They also made many friends and enemies along the way. They helped shape America with their trip across it (Gragg 2‚ 5). The two commanders of the trip were Lewis and Clark. They Were the first people of America to go where they are going. Thomas Jefferson was the one who sent them on the trip. At this time they didn’t realize
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Norman Lewis “… One of the discouraging things in my own self-education‚ was the fact that painting pictures didn’t bring about any social change.” – Norman Lewis Norman Lewis‚ leading African American artist and prominent member of the Abstract Expressionism movement‚ was born on July 23‚ 1909‚ in Harlem‚ New York. At an early age‚ Mr. Lewis became keenly aware of racial tension as he and his parents resided in a mostly Italian and Jewish neighborhood. At the age of nine‚ Norman Lewis discovered
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Date and Place of Birth 11 February 1992‚ Grand Rapids‚ Michigan‚ USA Birth Name Taylor Daniel Lautner Height 5’ 10½" (1.79 m) Born on February 11th‚ 1992 in Grand Rapids‚ Michigan‚ Taylor Daniel Lautner has shown he was destined for a successful life from a very young age. He began studying karate at the age of six‚ training at Fabiano’s Karate School and‚ by the following year‚ he was already winning tournaments. He was soon invited to train with seven-time world karate champion Michael
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The similarities between the Lewis and Clark expedition of 1803 to 1806 and a manned mission to Mars are not immediately obvious. Meriwether Lewis‚ William Clark and their fellow adventurers never had to deal with the problems of cosmic radiation‚ for instance‚ or the osteoporosis and muscle atrophy caused by spending months in zero gravity. And they had a never-ending supply of air. I expected that a comparison between their trip across the West and a potential space mission wouldn’t be that useful
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John Lewis‚ one of subsidiaries of John Lewis Partnership (JLP)‚ launched its first store in London’s Oxford Street in 1864. The company then has implemented the organic grown approach‚ pursuing a dynamic business and corporate strategy. It has been successful by making the right strategic decisions thorough effective operation (O’Regan and Ghobadian‚ 2012). By 2012‚ the firm becomes the largest multichannel department store retailer in the UK‚ with 30 department stores and 9 John Lewis at home‚
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