Receiving Report Number Date Received Total Cost 12/28 $12,433.61 1180 12/28 8,923.34 1181 12/29 15,448.22 1182 12/31 14,109.33 1183 12/31 11,482.57 1184 1/2 17,852.56 1185 1/3 8,753.95 The purchases list shows that the following items were recorded in December. Receiving Report Number Date Received Total Cost 1179 12/28 $12,433.61 12/28 8,923.34 1181 12/29 15,448.22 1182 12/31 14,109.33 1184 1/2 17,852.56
Receiving Report Number Date Received Total Cost 12/28 $12,433.61 1180 12/28 8,923.34 1181 12/29 15,448.22 1182 12/31 14,109.33 1183 12/31 11,482.57 1184 1/2 17,852.56 1185 1/3 8,753.95 The purchases list shows that the following items were recorded in December. Receiving Report Number Date Received Total Cost 1179 12/28 $12,433.61 12/28 8,923.34 1181 12/29 15,448.22 1182 12/31 14,109.33 1184 1/2 17,852.56
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
When tracing using the cutoff information from the December 31 inventory count of Thermo-Tempur Mattresses, you note the following information:
Check the below image for information.
The documentation indicates that the last receiving report included in the inventory count was Receiving Report 1182. Receiving Reports 1183 and 1184 were for goods received on the company’s truck but not unloaded. Receiving report 1185 was for goods received on January 3.
Required:
Prepare a correcting
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education