Answered: Fill in the missing items for the…

Name: Fill in the missing items for the following inventories:Beginning bal
Uploaded: 2024-03-05T11:50:36.000Z
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Description: Fill in the missing items for the following inventories:Beginning balanceEnding balanceTransferred inTransferred out$A9,8006,4007,600B13,00010,40010,800$с15,0005,50052,500

Business

Accounting

Fill in the missing items for the following inventories: Beginning balance Ending balance Transferred in Transferred out $ A 9,800 6,400 7,600 B 13,000 10,400 10,800 69 15,000 5,500 52,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold (a) $78,100 $101,600 ? ? $121,000 (b) $54,700 ? $120,000 $33,800 ? (c) ? $110,000 $151,000 $28,800 ?
Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases and indicate the ending balance in each case. a. Credit balance of $400 in Allowance for Doubtful Accounts just prior to adjustment. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $8,710. Line Item Description Amount Amount added $fill in the blank 1 Ending balance $fill in the blank 2 b. Credit balance of $400 in Allowance for Doubtful Accounts just prior to adjustment. Bad debt expense is estimated at 2% of credit sales, which totaled $973,000 for the year. Line Item Description Amount Amount added $fill in the blank 3 Ending balance $fill in the blank 4
uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible Not past due $902,000 3/4% 1-30 days past due 292,000 1 31-60 days past due 98,500 8 61-90 days past due 68,000 16 91-180 days past due 44,700 50 Over 180 days past due 15,500 80 $1,420,700 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated Uncollectible Accounts Uncollectible Accounts Age Class Balance Percent Not past due $902,000 3/4% 1-30 days past due 292,000 1 31-60 days past due 98,500 8 61-90 days past due 68,000 16 91-180 days past due 44,700 50 Over 180 days past due 15,500 80 Total $1,420,700 Check My Work Amount
Subject: acounting
Presented below are the components in determining cost of goods sold. Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $80,000 $110,000 $enter a dollar amount (a) $enter a dollar amount (b) $120,000 $49,000 $enter a dollar amount (c) $114,000 $33,000 $enter a dollar amount (d) $enter a dollar amount (e) $100,000 $160,000 $27,000 $enter a dollar amount (f)
Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold (a) $79,400 $102,500 $111,000 (b) $47,400 $111,000 $35,300 (c) $120,000 $159,000 $29,000
How many units must be in ending inventory if beginning inventory was 16,924 units, 31,777 units were started, and 34,076 units were completed and transferred out?
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