Sharp company comparative balance sheet

Dec, 17, 9:00am-11:30am （Atlantic Time）

pls read the files under this paragraph. it is good for u to know what kind of question in the final text

I will upload some files to let u know what I am learning. and make it ez for u.Final Exam Review 0 Overview Coverage: Chapter 1 to 10, mainly Chapter 4 to 10 Date & Time: Dec 17, 9:00am-12:00pm Grace Period: 30 mins, (8:45am-12:15pm) Exam Location: BrightSpace → Contents Submission location: BrightSpace → Assessment → Dropbox Question Number: 8 1 Q1. Quiz ▪ Multiple-choice Questions ▪ Quiz 1 to Quiz 5 2 Q2. Bad debts – Chapter 4 • How to calculate bad debts? • What are the journal entries for bad debts, for write-off, and for bad debts recovery? • Homework practice: Homework 4 (5,10,13,15) 3 4 5 Q3. Inventory Costing Method – Chapter 5 Perpetual Inventory and Periodic Inventory Systems: ❖FIFO Method ❖Weighted-average-cost Method: For perpetual, each purchase will change the average cost ❖Gross profit = Net sales – COGS ❖Net sales = Sales – Sales discounts – Sales allowance ❖Beg Inv + Net purchases = COGS + End Inv ❖Net purchases = Gross purchases + Freight-In – Purchase discounts – Purchase allowance ❖Homework practice: Homework 5 (7, 9, 10, 12, 15, 17) 6 Assume P-Toys Corporation had the following transactions related to Pikachu toys in March: What is the cost of goods sold for each sale? What is the ending inventory? P-Toys Corporation Pikachu Toys Date Explanation Units Unit Cost Total Cost Mar 1 Beginning inventory 100 $2 $200 Mar 2 Mar 5 Mar 10 Mar 19 Purchases Sales Purchases Sales 200 (150) 300 (400) $3 $600 Mar 23 Purchases 400 450 $5 ?? ?? $1,200 ?? ?? $2,000 $4,000 $4 Balance in Units 100 300 150 450 50 450 7 FIFO (First in,