Current Attempt in Progress Kari Downs, an auditor with Wheeler CPAs, is performing a review of Bramble Company's inventory account. Bramble did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $735,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number, eg -15,000, or parenthesiseg (15,000). Enter 0 if there is no effect.) Ending inventory-as reported $ 1. Included in the company's count were goods with a cost of $252,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not indude goods purchased by Bramble with a cost of $42,000 that were shipped FOB destination on December 28 and did not arrive at Bramble warehouse until January 3. 3. Included in the inventory account was $8,000 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
Other questions asked by students
A flask containing pure NO2 was heated to 1250K, a temperature at which the Kpvalue for the...
The oxides MnO. FeO, CoO and NiO all have the cubic rock salt structure with octahedral...
The following is the graph of the function f On your paper draw a set...
Determine the exponent m when the following expression is simplified m x x
Many universities use a student s ACT score to help with admission decisions as well...
A health and fitness club reviews the weights of all of their members and found...
9 Joey enlarged a 3 inch by 5 inch photograph on a copy machine He...