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Current Attempt in Progress The following account balances were included in the trial balance of Bramble Corporation at June 30, 2023: During 2023, Bramble incurred
Current Attempt in Progress The following account balances were included in the trial balance of Bramble Corporation at June 30, 2023: During 2023, Bramble incurred production salary and wage costs of $698,900, consumed raw materials and other production supplies of $477,170, and had an increase in work-in-process and finished goods imventories of $114,300. The Retained Earnings account had a balance of $274,000 at June 30,2023 , before closing. There are 180,000 common shares outstanding. Bramble has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories = the cost of goods sold.) Prepare the retained earnings portion of the statement of changes in equity for the year ended June 30,2023 . (List items that
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