Ending inventory as reported | 824000 | |
1 | -303000 | |
2 | 0 | |
3 | -18000 | |
4 | 39000 | |
5 | 41700 | =50000-8300 |
6 | -47000 | |
Correct inventory | 536700 |
Exercise 6-2 x Your answer is incorrect. Try again. Rachel Warren, an auditor with Laplante CPAs,...
gnment CALCULATOR FULL SCREEN PRINTER VERSION 4 ВАСK NEXT Exercise 6-2 Rachel Warren, an auditor with Laplante CPAS, is performing a review of Schuda Company's inventory account. Schuda 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 $757,990. However, the following information was not considered when determining that amount. Prepare a schedule to determine the correct inventory amount. (If an amount reduces the...
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