Managerial accounting Q

[jiggaspai]

Am I wrong? Stupid Online assignments

http://img130.imageshack.us/img130/9647/wileyproblemkg9.jpg


The last part of the question says list the inventory in order of liquidity
So I entered

Finished INV 6,360
Work in Progress 8,000
Raw Materials 13,540

It says I am wrong? The textbook link tells me I'm right? Is there something I'm missing? The numbers/values of the accounts are not wrong btw.

Dark grey means the value is wrong, where as light gray means its right

[colin]

perhaps one of the things on your quick launch bar will answer this for you

[Craven]

given the info that you gave us, the only thing that could be wrong is if you got the numbers switched up, as in getting Finished Goods and Raw Materials switched, and that would be my guess because, depending on the company obviously, Finished Goods shouldnt have the least amount of the 3 for a manufacturing company since that is usually one of the biggest assets

but other than that it is just a glitch that you should tell your professor about

[leper]

^
probably a glitch, I used that same software for my financial accounting class and there were times when it would glitch the answers and he had to manually override them.

[jiggaspai]

An analysis of the accounts of Yellow Knife Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2005.

Inventories Beginning Ending
Raw materials $9,010 $13,540
Work in process 5,220 8,000
Finished goods 9,000 6,360


was some of the info given. So there isn't any mistake on my part I guess.

[Craven]

just a glitch then, those websites are definitely not fool-proof to begin with

nothing to worry about, somebody making the website must have got something switched up