Assignment Chart
Learning Est.
time
Questions Objective(s) Topic
(min.)
8–1 3 Types of inventory for a manufacturer 5
8–2 1 Perpetual versus period inventory systems 5
8–3 1 Perpetual versus period inventory systems 5
8–4 2 f.o.b. shipping point versus f.o.b. destination 5
8–5 2 Consignment arrangement 5
8–6 3 Purchase discounts; gross versus net methods 5
8–7 1,3 Periodic inventory system 5
8–8 4 Inventory costing methods 5
8–9 4,5 LIFO versus FIFO 5
8–10 5 LIFO 5
8–11 6 IRS conformity rule 5
8–12 7 Ratios used to monitor investment in receivables 5
8–13 8 LIFO inventory pool 5
8–14 8 Dollar-value LIFO compared with unit LIFO 5
8–15 8 Dollar-value LIFO 5
8–16 9 IFRS; inventory valuation methods 5
Brief Learning Est.
time
Exercises Objective(s) Topic
(min.)
8–1 1 Determining ending inventory; periodic system 5
8–2 1 Perpetual system; journal entries 5
8–3 2 Goods in transit 10
8–4 3 Purchase discounts; gross method 10
8–5 3 Purchase discounts; net method 10
8–6 4 Inventory cost flow methods; periodic system 15
8–7 4 Inventory cost flow methods; perpetual system 15
8–8 4 LIFO method 10
8–9 4 LIFO method 10
8–10 6 LIFO liquidation 10
8–11 6 Supplemental LIFO disclosures; Walgreen 10
8–12 7 Ratio analysis 10
8–13 8 Dollar-value LIFO 10
Learning Est. time
Exercises Objective(s) Topic
(min.)
8–1 1 Perpetual inventory system; journal entries 10
8–2 1 Periodic inventory system; journal entries 10
8–3 1 Determining cost of goods sold; periodic
inventory system
15
8–4 1 Perpetual and periodic inventory systems
compared
15
8–5 1 Periodic inventory system; missing data 25
8–6 2 Goods in transit 10
8–7 2 Goods in transit; consignment 10
8–8 2 Physical quantities and costs included in
inventory
15
8–9 3 Purchase discounts; the gross method 15
8–10 3 Purchase discounts; the net method 15
8–11 3 Trade and purchase discounts; the gross method
and the net method compared
20
8–12 2,3 FASB codification research 15
8–13 1,4 Inventory cost flow methods; periodic system 20
8–14 1,4 Inventory cost flow methods; perpetual system 25
8–15 1,4 Comparison of FIFO and LIFO; periodic system 20
8–16 1,4 Average cost method; periodic and perpetual
systems
20
8–17 1,4 FIFO, LIFO, and average cost methods 20
8–18 6 Supplemental LIFO disclosures; LIFO reserve;
AEP Industries
25
8–19 1,4,6 LIFO liquidation 10
8–20 4,6 LIFO liquidation 10
8–21 6 FASB codification research 15
8–22 7 Ratio analysis; Home Depot and Lowe’s 25
8–23 8 Dollar-value LIFO 20
8–24 8 Dollar-value LIFO 25
8–25 8 Dollar-value LIFO 20
8–26 1,2,3,4,5 Concepts; terminology 15
Learning Est.
time
Problems Objective(s) Topic
(min.)
8–1 1,2,3 Various inventory transactions; journal entries 45
8–2 2 Items to be included in inventory 20
8–3 2,3 Costs included in inventory 25
8–4 1,2,3,4 Various inventory transactions; determining
inventory and cost of goods
25
8–5 1,4 Various inventory costing methods 50
8–6 1,4,7 Various inventory costing methods; gross profit
ratio
40
8–7 1,4 Various inventory costing methods 40
8–8 4,6 Supplemental LIFO disclosures, Caterpillar 20
8–9 4,6 LIFO liquidation 20
8–10 4,6 LIFO liquidation 20
8–11 4,6,7 Inventory cost flow methods; LIFO liquidation;
ratios
20
8–12 4,6,7 Integrating problem; inventories and accounts
receivable; Chapters 7 and 8
35
8–13 8 Dollar-value LIFO 25
8–14 8 Dollar-value LIFO 25
8–15 8 Dollar-value LIFO 25
8–16 8 Dollar-value LIFO; solving for unknowns 25
Star Problems
Learning Est.
time
Cases Objective(s) Topic
(min.)
Judgment Case 8–1 7 Riding the Merry-Go-Round 25
Real World Case 8–2 2 Physical quantities and costs included in
inventory; Sport Chalet
35
Judgment Case 8–3 3,4 The specific identification inventory method;
inventoriable costs
30
Communication Case 8–4 4,5 LIFO versus FIFO 45
Communication Case 8–5 4,5 LIFO versus FIFO 15
Judgment Case 8–6 2 Goods in transit 15
Ethics Case 8–7 4 Profit manipulation 30
Real World Case 8–8 4,6 Effects of inventory valuation methods;
supplemental LIFO disclosures; Wolverine World
Wide, Inc.
25
Real World Case 8–9 4,5,7 Effects of inventory valuation methods; Whole
Foods Market
45
Communication Case 8–10 8 Dollar-value LIFO method 20
Research Case 8–11 2,3 FASB codification; locate and extract relevant
information and authoritative support for a
financial reporting issue; product financing
arrangement
40
Analysis Case 8–12 7 Compare inventory management using ratios;
Kohl’s and Dillard’s
60
Target Case 1,4,7 Inventory costs; inventory valuation methods;
inventory ratios; Target
15
Air France–KLM Case 9 IFRS; inventory valuation methods; Air
France–KLM
15