Ch6 Solutions

CHAPTER 6
MERCHANDISING ACTIVITIES
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 6.1
B. Ex. 6.2
B. Ex. 6.3
B. Ex. 6.4
B. Ex. 6.5
B. Ex. 6.6

B. Ex. 6.7
B. Ex. 6.8
B. Ex. 6.9
B. Ex. 6.10
B. Ex. 6.11

Exercises
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
6.10
6.11
6.12
6.13

Topic
Computation of gross profit
Accounts receivable subsidiary ledger Perpetual inventory system computation of income
Periodic inventory system inventory balance during year
Periodic inventory system determine cost of goods sold
Periodic inventory system working backwards through the
COGS section
Periodic inventory system - closing process Benefit of taking a purchase discount Sales returns and allowances
Special journals
Ethics, fraud, and corporate governance Topic
You as a student
Effects of basic merchandising transactions Understanding inventory cost flows
Perpetual inventory systems
Evaluating performance
Taking a physical inventory
Periodic inventory systems
Relationships within periodic inventory systems
Selecting an inventory system
Cash discounts
Evaluating performance
Comparison of inventory systems Periodic inventory system

Learning
Objectives
2, 8
7

Analysis
Analysis

2, 3, 8

Analysis

2, 4, 8

Analysis

2, 4, 8

Analysis

2, 4, 8

Analysis

2, 4

Analysis

6

Analysis

6
7
8

Analysis
Analysis
Communication, judgment

Learning
Objectives
1, 6
1

Skills
Analysis, communication,
Analysis

Skills

2, 5, 8

Analysis, communication

3, 8
6, 8
3
4
4

Analysis, communication
Analysis, communication,
Analysis, communication
Analysis, communication
Analysis

5, 8
6
8
3–5

Communication, judgment
Analysis
Analysis, communication,
Analysis, communication

4, 5

Analysis, communication,

© The McGraw-Hill Companies, Inc., 2012
Overview

Exercises
6.14
6.15
Problems
Sets A, B
6.1 A,B