Case A:
Ending Inventory = Beginning Inventory + Transferred In -
Transferred Out
$32,000 = $39,000 + Transferred In - $70,000
Transferred In = $63,000
Case B:
Ending Inventory = Beginning Inventory + Transferred In -
Transferred Out
$18,600 = $21,300 + $66,000 - Transferred Out
Transferred Out = $68,700
Case C:
Ending Inventory = Beginning Inventory + Transferred In -
Transferred Out
$50,000 = Beginning Inventory + $52,000 - $54,000
Beginning Inventory = $52,000
Connect Assignment Que points xercise 6-27 Basic Cost Flow Model (LO 6-3) ill in the missing...
Problem 10-27 Schedule of cost of goods manufactured and sold LO 10-3 [The following information applies to the questions displayed below.] Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $665,000; Raw Materials Inventory, $57,000; Work in Process Inventory, $28,000; Finished Goods Inventory, $55,000; Common Stock, $589,000; and Retained Earnings, $216,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash...
Problem 10-27 Schedule of cost of goods manufactured and sold LO 10-3 [The following information applies to the questions displayed below.] Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $665,000; Raw Materials Inventory, $57,000; Work in Process Inventory, $28,000; Finished Goods Inventory, $55,000; Common Stock, $589,000; and Retained Earnings, $216,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash...
Problem 10-27 Schedule of cost of goods manufactured and sold LO 10-3 The following information applies to the questions displayed below. Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $678,000; Raw Materials Inventory, $71,000; Work in Process Inventory. $18,000: Finished Goods Inventory. $44,000 Common Stock, $599,000, and Retained Earnings, $212,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash...