Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Correct the final balance of Inventory from information on photo. On December 31. Moore Company had on ending inventory of 566,300 based primarily on a
Correct the final balance of Inventory from information on photo.
On December 31. Moore Company had on ending inventory of 566,300 based primarily on a physicar count at its warehouse in eorreuting the final balafice of i Inventany, the following information was avaliable! sold (6) Inventory itams with a cost of 52,990 were excluded from ending invantary, These geods were in transit from Erooks Company to Moare Cnmpany and: were purctased 106 shipeliog point (c) Inventofy iteme with a cost of s2,930 were eveluded from ending inventory. These goods were in transit from Wison Corrpany to Moore Cnmpany and were purchased foE destinatich. Requirert: Uaing the information given above, compute the correct final balance of triventory Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started