[Question & Answer] Fill in the missing items for the following inventories……

10.00 points Fill in the missing items for the following inventories 65,600 Beginning balance Ending balance Transferred in Transferred out $ 90,200 $ 65,600 13,000 13,600 18,000 93,400 29,000 330,600 230,200 Check my work

fill in the missing items for the following inventories:

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Fill in the missing items for the following inventories.

Expert Answer

The correct answer is :

A B C
Beginning Balance 17,400 90,200 65,600
Ending Balance 13,000 93,400 29,000
Transfered In 13,600 330,600 193,600
Transfered Out 18,000 327,400 230,200

Note :

Beginning balance + Transfered In – Transfered Out = Ending Balance

A:

Beginning balance = Ending Balance -Transfered In +Transfered Out

= $ 17,400

B :

Beginning balance + Transfered In – Ending Balance = Transfered Out

= $ 327,400

C:

Transfered In = Ending Balance +Transfered Out – Beginning balance

= $ 193,600

fill in the missing items for the following inventories:

 

 

 

 

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