15. How much sales for the month of December 2005 were erroneously recorded in January 2006? c. P7,500 P12,500 b. P18,500 d. P20,000 а.
15. How much sales for the month of December 2005 were erroneously recorded in January 2006? c. P7,500 P12,500 b. P18,500 d. P20,000 а.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.6.3MBA
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Question
Please answer no.15 correctly and provide computation. Thank you;)
![15. How much sales for the month of December 2005 were erroneously recorded in January 2006?
P7,500
a. P12,500
b. P18,500
C.
d. P20,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a7d90ec-a120-4e62-acd8-1dc5c1cd24c7%2F393b0292-9b2c-4b31-9640-7cec709ace4d%2F46nfloh_processed.png&w=3840&q=75)
Transcribed Image Text:15. How much sales for the month of December 2005 were erroneously recorded in January 2006?
P7,500
a. P12,500
b. P18,500
C.
d. P20,000
![Items 15 to 17 are based on the following information:
You are engaged to perform an audit of the accounts of the Durian Corporation for the year ended
December 31, 2005, and have observed the taking of the physical inventory of the company on
December 27, 2005. Only merchandise shipped by the Durian Corporation to customers up to and
including December 27, 2005 have been removed or excluded from inventory. The inventory as
determined by physical inventory count has been recorded on the books by the company's controller.
No perpetual inventory records are maintained. All sales are made on an FOB shipping point basis.
The following lists of sales invoices are entered in the sales books for the manths of December 2005 and
January 2006, respectively.
Sales Invoice
Date
Amount
Date Shipped
December 2005
12/23/05
25,000
12/31/05
(b
12/27/05
18,000
12/27/05
30,000
01/05/06
(d
12,000
01/08/06
(e
16,000
12/29/05
(f)
(e
8,000
12/05/05
20,000
01/07/06
(h
14,000
12/31/05
January 2006
()
7,500
12/31/05
12/27/05
12/29/05
11,000
01/04/06
Page 24 of 48
01/09/06
12/31/05
(k)
01/08/06
9,000
01/10/06
5.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a7d90ec-a120-4e62-acd8-1dc5c1cd24c7%2F393b0292-9b2c-4b31-9640-7cec709ace4d%2F2dg7yci_processed.png&w=3840&q=75)
Transcribed Image Text:Items 15 to 17 are based on the following information:
You are engaged to perform an audit of the accounts of the Durian Corporation for the year ended
December 31, 2005, and have observed the taking of the physical inventory of the company on
December 27, 2005. Only merchandise shipped by the Durian Corporation to customers up to and
including December 27, 2005 have been removed or excluded from inventory. The inventory as
determined by physical inventory count has been recorded on the books by the company's controller.
No perpetual inventory records are maintained. All sales are made on an FOB shipping point basis.
The following lists of sales invoices are entered in the sales books for the manths of December 2005 and
January 2006, respectively.
Sales Invoice
Date
Amount
Date Shipped
December 2005
12/23/05
25,000
12/31/05
(b
12/27/05
18,000
12/27/05
30,000
01/05/06
(d
12,000
01/08/06
(e
16,000
12/29/05
(f)
(e
8,000
12/05/05
20,000
01/07/06
(h
14,000
12/31/05
January 2006
()
7,500
12/31/05
12/27/05
12/29/05
11,000
01/04/06
Page 24 of 48
01/09/06
12/31/05
(k)
01/08/06
9,000
01/10/06
5.000
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