E6-2 Kale Thompson, an auditor with Sneed CPAs, is performing a review of Strawser Determine the correct

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E6-2 Kale Thompson, an auditor with Sneed CPAs, is performing a review of Strawser Determine the correct Company’s inventory account. Strawser did not have a good year and top management is under inventory amount.

pressure to boost reported income. According to its records, the inventory balance at year-end (so 1)

was $740,000. However, the following information was not considered when determining that amount.

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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