Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hep Sovee LO Rondo Ltd. (RL) is a wholesaler operation with an active warehouse Staff at RL have prepared a preliminary list of inventory following
hep Sovee LO Rondo Ltd. (RL) is a wholesaler operation with an active warehouse Staff at RL have prepared a preliminary list of inventory following its count on November 30 50 bots 35,200 26.40 pea 59,400 55.20 FOR 14.300 . Goods counted in the physical inventory rovincial sales tax on the amount in a Federal GST on the amount in 8. Goods that arrived from a supplier on December 1, shipped ro shipping point on November 28 e. Goods that were shipped to customer on November 28, shapped POU shipping point + Goods that were on consignment with a customer but sold by the customer on December 10 E: Interest cost on soods incurred during lengthy delivery period from supplier hoods that were in AL' warehouse on November 30 about to be shipped back to the supplier because of defects Cost of operating and heating the warehouse facility for the years that goods are available for sale when needed 3 Cost of freight to she goods from suppliers to RL, where I responsible for freight cost of freight to ship toods from BE to customers during the year where RL ponsible for night Prime 3,300 rences 29,200 76,000 300 70.000 Required: Determine the dollar amount of ending inventory Ending in
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