mba 560 unit 3 problem 5 33 and 6 25 495237

150 90 13500 470 44540 27540 100 300 29200 170 15340 470 94.766000000000005 94.766000000000005 16110 55500 55500 55500 15000 15000 15000 12960 11300 12070 -5184 -4520 -4828 7776 6780 7242 55500 55500 55500 7776 6780 7242 15000 15000 15000 24276 23280 23742 39276 55500 55500 55500 31040 31040 31040 15000 15000 15000 5184 4520 4828 0 0 0 0 0 0 18000 18000 18000 200 200 4600 4300 Student Name: Class: Problem 05-33 Requirement a. CLEAR PHOTOGRAPHY, INC. Goods Available for Sale Cost Units per Unit Beginning Inventory @ = First Purchase Second Purchase Total Requirement a. (1) Cost of Goods Sold and Ending Inventory Cost FIFO – Cost of Goods Sold of Goods Sold From Beginning Inventory From First Purchase From Second Purchase Total Units Sold Ending FIFO – Ending Inventory Inventory Requirement a. (2) Cost of Goods Sold and Ending Inventory LIFO – Cost of Goods Sold of Goods sold LIFO – Ending Inventory Total Ending Inventory Requirement a. (3) Weighted Average ¸ Cost of Goods Sold Ending Inventory: Computation of Income Tax Expense and Net Income Weighted FIFO LIFO Average Sales Gross Margin Operating Expenses Net Income Before Tax Income Tax (40%) Net Income Requirement b. Financial Statements Income Statements For the Year Ended December 31, 2012 Weight. Av. Income Tax Expense Balance Sheets As of December 31, 2012 Assets Cash Merchandise Inventory Total Assets Stockholders’ Equity Common Stock Retained Earnings Total Stockholders’ Equity Statement of Cash Flows Weight Av. Cash Flows From Operating Activities: Cash Inflow from Customers Cash Outflow for Inventory Cash Outflow for Operating Expense Cash Outflow for Income Tax Net Cash Flow from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance Problem 06-25 O’BRIAN SERVICE COMPANY Depreciation Requirement a: Straight Line Cost Delivery…