on part F of this problem I am not understanding where they are getting the number "48,300" on the "cash" line
Preview File Edit View Go Tools Window Help VMC $ 70% (4) Tue 4:37 PM Q Screen Shot 2020-08-25 at 4.34.44 PM Screen Shot 2020-08-25 at 4.34.4 Q There is not enough space to save this document to iCloud. Purchase additional storage or remove some documents from iCloud. Chegg Study Textbook Solutions Expert Q&A Study Pac earnings balance is $9,990. Jordan Manufacturing Company was started on January 1, 2018, when it acquired $83,000 cash by issuing common stock. Jordan immediately purchased office furniture and manufacturing equipment costing $8,400 and $26,800, respectively. The office furniture had an eight-year useful life and a zero salvage value. The manufacturing equipment had a $3,400 salvage value and an expected useful life of three years. The company paid $11,500 for salaries of administrative personnel and $15,200 for wages to production personnel. Finally, the company paid $10,600 for raw materials that were used to make Inventory. All Inventory was started and completed during the year. Jordan completed production on 4,200 units of product and sold 3,220 units at a price of $15 each in 2018. (Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP.) f. Compute total assets as follows: Required Particulars Amount Calculation 83000-8400-26800-11500- 15200-10600+48300 a. Determine the total product cost and the average cost per unit of the inventory produced in 2018. (Round "Average cost per unit to 2 decimal places.) b. Determine the amount of cost of goods sold that would appear on the 2018 income statement. (Do not round intermediate calculations.) c. Determine the amount of the ending inventory balance that would appear on the December 31, 2018, balance sheet. (Do not round intermediate calculations.) d. Determine the amount of net income that would appear on the 2018 income statement. (Round your answer to the nearest dollar amount.) e. Determine the amount of retained earnings that would appear on the December 31, 2018, balance sheet. (Round your answer to the nearest dollar amount.) f. Determine the amount of total assets that would appear on the December 31, 2018, balance sheet. (Round your answer to the nearest dollar amount.) Cash Inventory Office furniture Manufacturing equipment 8400-1050 26800-7800 $58,800 $7.840 $7.350 $19,000 $92.990 Comment > a Total product cost Average cost per unit b b. Cost of goods sold c. Ending inventory d. Net income e. Retained earnings F Total assets hext for you in Accounting Show transcribed image text iton Industries makes all rchases on account, bject to the following Issa Manufacturing Company was started on January 1, 2014, when it 25 09 WE
