Quiz 17doc - 6­22 Fill in the missing items for the...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 6­22 Fill in the missing items for the following inventories: A Beginning balance B _______ $7,150 Ending balance $250,000 C $156,000 6,200 128,000 Transferred In 260,000 22,000 _______ Transferred Out 270,000 _______ 280,000 A B $260,000 $7,150 SOLUTION: Beginning balance Ending balance $250,000 C $156,000 6,200 128,000 Transferred In 260,000 22,000 252,000 Transferred Out 270,000 22,950 280,000 The equation used for the above said solution is: Beginning balance + Transferred In = Transferred out + Ending Balance ...
View Full Document

This note was uploaded on 11/11/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

Ask a homework question - tutors are online