Financial Reporting

April 1(balance on hand)490@$7. 30April 56904790@7. 401259011690@7. 70271,58018590@7. 802815026990@8. 1030590@8. 40WarningDon’t show me this message again for the assignmentOkCancel. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_1. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_2. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_1. png”>(a1). wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_3. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_4. png”>. wileyplus. com/edugen/art3/questionFeedback/icon_wrong_lrg. png” src=”http: //book. transtutors. com/qimg/qf_545793_5. png”>Your answer is incorrect. Calculate average cost per unit. (Round average cost per unit to 4 decimal places, e. g. $2. 7621. )Average cost per unit$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>7. 4230WarningDon’t show me this message again for the assignmentOkCancelClick if you would like to Show Work for this question: Open Show Work. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_1. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_2. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_1. png”>. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_7. png”>(a2) and (b). wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_3. png”>(a) Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average cost. (Round final answers to 0 decimal places, e. g. $6,548. )FIFOLIFOAverage costEnding Inventory$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>(b) If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under FIFO, LIFO and Average cost?(Round average cost per unit to 4 decimal places, e. g. $2. 7621 and final answers to 0 decimal places, e. g. $6,548. )FIFOLIFOAverage costEnding Inventory$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>$. wileyplus. com/edugen/art2/common/pixel. gif” src=”http: //book. transtutors. com/qimg/qf_545793_6. png”>WarningDon’t show me this message again for the assignmentOkCancelClick if you would like to Show Work for this question: Open Show WorkModify Show Work

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Financial Reporting

April 1(balance on hand)490@$7.30April 56904790@7.401259011690@7.70271,58018590@7.802815026990@8.1030590@8.40WarningDon’t show me this message again for the assignmentOkCancel.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_1.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_2.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_1.png”>(a1).wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_3.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_4.png”>.wileyplus.com/edugen/art3/questionFeedback/icon_wrong_lrg.png” src=”http://book.transtutors.com/qimg/qf_545793_5.png”>Your answer is incorrect.Calculate average cost per unit.(Round average cost per unit to 4 decimal places, e.g. $2.7621.)Average cost per unit$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>7.4230WarningDon’t show me this message again for the assignmentOkCancelClick if you would like to Show Work for this question:Open Show Work.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_1.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_2.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_1.png”>.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_7.png”>(a2) and (b).wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_3.png”>(a) Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average cost.(Round final answers to 0 decimal places, e.g. $6,548.)FIFOLIFOAverage costEnding Inventory$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>(b) If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under FIFO, LIFO and Average cost?(Round average cost per unit to 4 decimal places, e.g. $2.7621 and final answers to 0 decimal places, e.g. $6,548.)FIFOLIFOAverage costEnding Inventory$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>$.wileyplus.com/edugen/art2/common/pixel.gif” src=”http://book.transtutors.com/qimg/qf_545793_6.png”>WarningDon’t show me this message again for the assignmentOkCancelClick if you would like to Show Work for this question:Open Show WorkModify Show Work

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Financial reporting

Financial reporting

Financial reporting

Purpose of Assignment

The purpose of this assignment is to help you understand the basics of statement analysis related to the assets section of the balance sheet, data interpretation, and how information is obtained to understand how a company accounts for its long-lived assets.

Assignment Steps

Resources: Accounting: Tools for Business Decision Making

Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company's complete annual report, including the notes to the  statements, are also provided in Appendix A.

Complete a 1,050-word summary of findings and recommendations from the following questions:

  • What were the total cost and book value of property, plant, and equipment at September 27, 2014?
  • Using the notes to find statements, what method or methods of depreciation are used by Apple for  reporting purposes?
  • What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
  • Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
  • Using the notes to the statements, explain in the summary how Apple accounted for its intangible assets in 2014.

Use the Week 2 Excel® spreadsheet to show your work and submit with your summary.

https://phoenix.vitalsource.com/books/978111922830...appendix a