BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
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Chapter 3, Problem 4LO
Summary Introduction
To analyze: The strategies for reaching the global market.
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general account
Bedrock Company reported a December 31 ending inventory balance
of $412,000. The following additional information is also available:
-The ending inventory balance of $412,000 included $72,000 of
consigned inventory for which Bedrock was the consignor.
-The ending inventory balance of $412,000 included $22,000 of office
supplies that were stored in the warehouse and were to be used by the
company's supervisors and managers during the coming year.
Based on this information, the correct balance for ending inventory on
December 31 is:
A) $362,000
B) $390,000
C) $412,000
D) $318,000
E) $340,000
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BUSN 11 Introduction to Business Student Edition
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