WORKING PAPERS F/ FUND ACCOUNTING
WORKING PAPERS F/ FUND ACCOUNTING
22nd Edition
ISBN: 9781308868394
Author: Wild
Publisher: MCG CUSTOM
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Chapter 19, Problem 19E

Chapter 19, Problem 19E, A recent <x-custom-btb-me data-me-id='2296' class='microExplainerHighlight'>balance sheet</x-custom-btb-me> for Porsche AG shows beginning raw materials inventory of €83 million and A recent balance sheet for Porsche AG shows beginning raw materials inventory of €83 million and ending raw materials inventory of €85 million. Assume the company purchased raw materials (on account) for €3,108 million during the year. (1) Prepare journal entries to record (a) the purchase of raw materials and (b) the use of raw materials in production. (2) What do you notice about the € amounts in your journal entries?

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WORKING PAPERS F/ FUND ACCOUNTING

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