Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chy The C2079001 calcubete coming the folowing con 1 Good shape Oktober 4 2022. The cost $30.000 2.God hoped nec 2002. The con 5.26.000 Good

image text in transcribed
image text in transcribed
Chy The C2079001 calcubete coming the folowing con 1 Good shape Oktober 4 2022. The cost $30.000 2.God hoped nec 2002. The con 5.26.000 Good shophoniste the 2002. The and the Gosted on Decay the conduce 2021 The Westwood 2000 Good tromi 10 shop 200 nyheter Jaar 2002. These and the 1000 Required O th os Cew . Check The Kwok Company's inventory balance on December 31, 2021. was $210.000 (based on a 12/31/2021 physical count) before considering the following transactions 1. Goods shipped to Kwok to b. destination on December 20, 2021, were received on January 4, 2022. The invoice cost was $39.000 2. Goods shipped to Kwok fob shipping point on December 28, 2021 were received on January 5,2022. The invoice cost was $26.000 3. Goods shipped from Kwok to a customer fob destination on December 27, 2021 were received by the customer on January 3 2022. The sales price was $49.000 and the merchandise cost $31.000 4. Goods shipped from Kwok to a customer to b. destination on December 26, 2021, were received by the customer on December 30, 2021. The sales price was $29.000 and the merchandise cost $22.000, 5. Goods shipped from Kwok to a customer fob shipping point on December 28, 2021 were received by the customer on January 4, 2022. The sales price was $34.000 and the merchandise cost $21000 Required: Determine the correct inventory amount to be reported in Kwok's 2021 balance sheet. Correctiventory balance D. 60F Clear A ORI a hp 40 9 > 96 BACKDRE $ 4 5 6 7 O 00 9 0) 3 > C P O Y Y E 7 TO R U T M GTVT G J DF J D H K. G pouse

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Managers And Entrepreneurs

Authors: Charles T. Horngren

9th Edition

1323167897, 9781323167892

More Books

Students also viewed these Accounting questions