Week 8 AssignmentMake adjustment on price of a good (add or deduct) on following table. Place the adjustments accordingwhether it will be an addition or a deduction and then calculate total value of the goods.(1st line is an example)Price of the GoodsPacking Costs ($200)Transportations Costs fromthe place of DirectShipment ($2500)Transportation Cost to theplace of direct shipment($300)Royalties' fees ($150)Canadian Duties and Taxes($6700)Brokerage commissions($300)Total Value of the goodAdditions$200$250000Deductions

All the costs incurred to bring the raw material or goods to the place of business, are treated as…

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Make adjustment on price of a good (add or deduct) on following table. Place the adjustments according whether it will be an addition or a deduction and then calculate total value of the goods.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 3RE: Refer to RE22-2. Assume the pretax cumulative effect adjustment is 50,000. Prepare the journal entry...

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Week 8 Assignment
Make adjustment on price of a good (add or deduct) on following table. Place the adjustments according
whether it will be an addition or a deduction and then calculate total value of the goods.
(1st line is an example)
Price of the Goods
Packing Costs ($200)
Transportations Costs from
the place of Direct
Shipment ($2500)
Transportation Cost to the
place of direct shipment
($300)
Royalties' fees ($150)
Canadian Duties and Taxes
($6700)
Brokerage commissions
($300)
Total Value of the good
Additions
$200
$250000
Deductions

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