In some instances, accounting principles require a

Intermediate Accounting | 15th Edition | ISBN: 9781118147290 | Authors: Donald E. Kieso

ISBN: 9781118147290 164

Solution for problem 5 Chapter 9

Intermediate Accounting | 15th Edition

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Intermediate Accounting | 15th Edition

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Problem 5

In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases. 1 2 3 4 5Cost $15.90 $16.10 $15.90 $15.90 $15.90Net realizable value 14.50 19.20 15.20 10.40 16.40Net realizable value less normal profi t 12.80 17.60 13.75 8.80 14.80Market (replacement cost) 14.80 17.20 12.80 9.70 16.80

Step-by-Step Solution:

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Segment A: ata Mining ● Form of predictive analytics ● Data mining tools ○ Software that earches vast mounts f data ○ Uses complex s tatistical calculations ○ Outputs ■ Trends p atterns ■ Correlations ■ Exceptions ● Insurance was one of the first industries to use Data Mining ● Looking for statistically relevant data that can be used for information Segment B : Formula v unction ● Formula: something created by ou ○ =A1+D1 ● Function: keyword defined by microsoft ○ More flexible than formulas ○ =SUM(A1:D1) ● They produce

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Chapter 9, Problem 5 is Solved

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Textbook: Intermediate Accounting

Edition: 15

Author: Donald E. Kieso

ISBN: 9781118147290

Since the solution to 5 from 9 chapter was answered, more than 227 students have viewed the full step-by-step answer. This full solution covers the following key subjects: cost, realizable, Net, Accounting, Departure. This expansive textbook survival guide covers 24 chapters, and 633 solutions. The full step-by-step solution to problem: 5 from chapter: 9 was answered by , our top Business solution expert on 11/23/17, 05:08AM. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15. The answer to “In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases. 1 2 3 4 5Cost $15.90 $16.10 $15.90 $15.90 $15.90Net realizable value 14.50 19.20 15.20 10.40 16.40Net realizable value less normal profi t 12.80 17.60 13.75 8.80 14.80Market (replacement cost) 14.80 17.20 12.80 9.70 16.80” is broken down into a number of easy to follow steps, and 59 words. Intermediate Accounting was written by and is associated to the ISBN: 9781118147290.