GCU ACC350 Week 1 Assignment

GCU ACC350 Week 1 Assignment

GCU ACC350 Week 1 Assignment

Question

Job-Order Costing

Complete Problems 2-37 and 3-47 in the textbook.

Complete Problem 2-37 in a Word document and Problem 3-47 in
Excel. Please note, you must show your work in Excel, which includes providing
the formulas in the cells, not just the summary value. You may not earn full
points if you do not show your work in detail.

Save your assignment (Word) as Lastname_FirstnameACC650_T1.docx.

Save your assignment (Excel) as Lastname_FirstnameACC650_T1.xlsx.

You are not required to submit this assignment to
LopesWrite.

Due Date: 09-Oct-2019 at 11:59:59 PM

Problems

Problem 2–37

Content of Financial Statements and Reports

(LO 2-3, 2-4)

Consider the following cost items:

1. Salaries of players on the Boston Red Sox.

2. Year-end completed goods of Levi Strauss jeans.

3. Executive compensation costs at Home Depot.

4. Advertising costs for Sony.

5. Costs incurred during the period to insure a Ford plant
against fire and flood losses.

6. Current year’s depreciation on a Carnival Cruise Line
ship.

7. The cost of printer ink and paper used during the period
by Shutterfly.

8. Assembly-line wage cost incurred at a Kona bicycle plant.

9. Year-end production in process at Lenovo computer
manufacturer.

10. The cost of products sold to customers of a Target
store.

11. The cost of products sold to distributors of carpet
manufacturer Shaw Floors.

Required:

1. Evaluate the costs just cited, and determine whether the
associated dollar amounts would be found

on the firm’s balance sheet, income statement, or schedule
of cost-of-goods-manufactured. (Note:

In some cases, more than one answer will apply.)

2. What major asset will normally be insignificant for

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