P9-9, part A - and total inventory basis for...

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(a) Prepare the inventory section of Brooks’s balance sheet as of November 30, 2007, including any required note(s). Current Assets Inventory Section (Note 1.) Finished goods (Note 2.) $641,000 Work-in-process 108,700 Raw materials 227,400 Factory supplies 64,800 Total inventories $1,041,900 Note 1. Lower-of-cost-or-market method (First-In, First-Out) is applied towards finished goods,
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Unformatted text preview: and total inventory basis for work-in-process, raw material, and factory supplies. Note 2. $136,500 of bar-end shifters ($182,000 * 75%) were pledged as collateral for a bank loan, and 50% ($97,500) of the head tube shifters (finished goods) is being held on a consignment basis by ca P9-9 A. catalog outlets....
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  • Spring '10
  • Rob
  • Supply chain management terms, head tube shifters, inventory section, total inventory basis, supplies Total inventories

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P9-9, part A - and total inventory basis for...

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