Conduct an interview with a Nursing leader which includes but is not limited to VP of Patient Care Services, Director of Nursing, Nurse Manager, Clinical Nurse Specialist, Nurse Practitioner, Charge Nurse, Team Leader or someone in another type of designated leadership position. Obtain the following information during your interview.
General Background information:
GenderEducational PreparationWork HistoryMemberships in Professional OrganizationsNetworking strategiesWhat characteristics should a leader possess?
Do you feel as though you possess these characteristics?
Are there any aspects of leadership that you feel you lack or could improve on existing qualities? How has your outlook and/or behaviors changed over the years?
How do you deal with change?
What do you think will be the greatest challenge for professional nurses in the next five years?
How do you support or advocate new ideas?
What role do you play in performance improvement initiatives?
What is your role as a preceptor or mentor?
Who are you students or “mentees”?
Does anything motivate you to continue to precept or mentor, if so, what?
Do you have a choice in being a mentor or is it expected as part of your employment?
In: Nursing
Conduct an interview with a Nursing leader which includes but is not limited to VP of Patient Care Services, Director of Nursing, Nurse Manager, Clinical Nurse Specialist, Nurse Practitioner, Charge Nurse, Team Leader or someone in another type of designated leadership position. Obtain the following information during your interview.
General Background information:
GenderEducational PreparationWork HistoryMemberships in Professional OrganizationsNetworking strategiesWhat characteristics should a leader possess?
Do you feel as though you possess these characteristics?
Are there any aspects of leadership that you feel you lack or could improve on existing qualities? How has your outlook and/or behaviors changed over the years?
How do you deal with change?
What do you think will be the greatest challenge for professional nurses in the next five years?
How do you support or advocate new ideas?
What role do you play in performance improvement initiatives?
What is your role as a preceptor or mentor?
Who are you students or “mentees”?
Does anything motivate you to continue to precept or mentor, if so, what?
Do you have a choice in being a mentor or is it expected as part of your employment?
In: Nursing
Conduct an interview with a Nursing leader which includes but is not limited to VP of Patient Care Services, Director of Nursing, Nurse Manager, Clinical Nurse Specialist, Nurse Practitioner, Charge Nurse, Team Leader or someone in another type of designated leadership position. Obtain the following information during your interview. General Background information: GenderEducational PreparationWork HistoryMemberships in Professional OrganizationsNetworking strategiesWhat characteristics should a leader possess? Do you feel as though you possess these characteristics? Are there any aspects of leadership that you feel you lack or could improve on existing qualities? How has your outlook and/or behaviors changed over the years? How do you deal with change? What do you think will be the greatest challenge for professional nurses in the next five years? How do you support or advocate new ideas? What role do you play in performance improvement initiatives? What is your role as a preceptor or mentor? Who are you students or “mentees”? Does anything motivate you to continue to precept or mentor, if so, what? Do you have a choice in being a mentor or is it expected as part of your employment?
In: Nursing
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 220 | units | @ | $ | 14.50 | = | $ | 3,190 | ||||||||
| Jan. | 10 | Sales | 170 | units | @ | $ | 23.50 | |||||||||||
| Jan. | 20 | Purchase | 170 | units | @ | $ | 13.50 | = | 2,295 | |||||||||
| Jan. | 25 | Sales | 200 | units | @ | $ | 23.50 | |||||||||||
| Jan. | 30 | Purchase | 340 | units | @ | $ | 13.00 | = | 4,420 | |||||||||
| Totals | 730 | units | $ | 9,905 | 370 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification.
2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
|
Date |
Activities |
Units Acquired at Cost |
Units sold at Retail |
||||||||||||||
|
Jan. |
1 |
Beginning inventory |
140 |
units |
@ |
$ |
6.00 |
= |
$ |
840 |
|||||||
|
Jan. |
10 |
Sales |
100 |
units |
@ |
$ |
15 |
||||||||||
|
Jan. |
20 |
Purchase |
60 |
units |
@ |
$ |
5.00 |
= |
300 |
||||||||
|
Jan. |
25 |
Sales |
80 |
units |
@ |
$ |
15 |
||||||||||
|
Jan. |
30 |
Purchase |
180 |
units |
@ |
$ |
4.50 |
= |
810 |
||||||||
|
Totals |
380 |
units |
$ |
1,950 |
180 |
units |
|||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost
assigned to ending inventory and cost of goods sold using specific
identification.
2. Determine the cost assigned to ending inventory
and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales
data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 185 | units | @ | $ | 11.00 | = | $ | 2,035 | ||||||||
| Jan. | 10 | Sales | 145 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 20 | Purchase | 100 | units | @ | $ | 10.00 | = | 1,000 | |||||||||
| Jan. | 25 | Sales | 125 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 30 | Purchase | 270 | units | @ | $ | 9.50 | = | 2,565 | |||||||||
| Totals | 555 | units | $ | 5,600 | 270 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory.
1. Complete the table to determine the cost
assigned to ending inventory and cost of goods sold using specific
identification.
2. Determine the cost assigned to ending inventory
and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 210 units @ $ 13.50 = $ 2,835 Jan. 10 Sales 160 units @ $ 22.50 Jan. 20 Purchase 150 units @ $ 12.50 = 1,875 Jan. 25 Sales 180 units @ $ 22.50 Jan. 30 Purchase 340 units @ $ 12.00 = 4,080 Totals 700 units $ 8,790 340 units rev: 03_03_2017_QC_CS-81438, 10_11_2018_QC_CS-142961 Exercise 6-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.
In: Accounting