Question 2 Save Answer JB Santa Bark & Trust is considering giving Kamala Companyalo. Before doing so, management decide that further diction with Kamal's content may be desirable rorono particular concom is the inventory account, which hen a yote end denon of S794.000 Discussion with this accountant reveal the following 1. Kemals sent invertory conting $38,000 on cookigment to Mary Company Al of thin ventory won at Hilary's showroom on December 31 and was not included in Kamala's physical Inventory 2. Kimonoeived goods conting $36,000 on January 3 that were shipped Foa destration on bomber 28. The shipment was rush order that was supponed to arrive Droomber 31. This purchase was included in the ending inventory 1. Kamal shipped goods coating $54.000 Harris Company, Foa shipping point on December 27. The good not expected to arrive at Murid until January 10 Tha poods were not included in the physical inventory 4 On December 26, Kamal shipped goods cost $16,000 to Howard Company and charged Howed $20,000. The goods were whipped with forms FOB destination. Howard Company received the goods on January 4. They were excluded from Karnal inventory 5. Tamala included in the inventory account $18,540 fotilice supplies that were stored in the storeroom to be used by the company's managers and supervisors during the coming year Complete the schedule below to determine the corect inventory amount of December 31, India Whether och tom should be added to deducted or not to sure to include the wount added or deducted $25,000 $26,000). Dolarsignand correured. To retet, acho should have along with an and an amount or the lotto Emple for tom 1, you should have one of the following your www-330.000,250,000, NE Ending inventory as reported $70,000 w 4 Correction Question 2 Save Answer JB Santa Bark & Trust is considering giving Kamala Companyalo. Before doing so, management decide that further diction with Kamal's content may be desirable rorono particular concom is the inventory account, which hen a yote end denon of S794.000 Discussion with this accountant reveal the following 1. Kemals sent invertory conting $38,000 on cookigment to Mary Company Al of thin ventory won at Hilary's showroom on December 31 and was not included in Kamala's physical Inventory 2. Kimonoeived goods conting $36,000 on January 3 that were shipped Foa destration on bomber 28. The shipment was rush order that was supponed to arrive Droomber 31. This purchase was included in the ending inventory 1. Kamal shipped goods coating $54.000 Harris Company, Foa shipping point on December 27. The good not expected to arrive at Murid until January 10 Tha poods were not included in the physical inventory 4 On December 26, Kamal shipped goods cost $16,000 to Howard Company and charged Howed $20,000. The goods were whipped with forms FOB destination. Howard Company received the goods on January 4. They were excluded from Karnal inventory 5. Tamala included in the inventory account $18,540 fotilice supplies that were stored in the storeroom to be used by the company's managers and supervisors during the coming year Complete the schedule below to determine the corect inventory amount of December 31, India Whether och tom should be added to deducted or not to sure to include the wount added or deducted $25,000 $26,000). Dolarsignand correured. To retet, acho should have along with an and an amount or the lotto Emple for tom 1, you should have one of the following your www-330.000,250,000, NE Ending inventory as reported $70,000 w 4 Correction
