At what point in the sequence of events in Table 6.4 is the ownership interest affected? Table

At what point in the sequence of events in Table 6.4 is the ownership interest affected?

Transcribed Image Text:

Table 6.4 Transactions of a manufacturing company July 1 July 3 July 4 July 5 July 10 July 10 Purchase raw materials from supplier, 100 trays at 2 each, paying in cash, and place in raw materials store. Remove 80 trays from raw materials store to meet production department's request (cost 2 each). Carry out labour work and use production facilities to convert raw materials into finished goods. Additional costs incurred for labour and use of facilities were 1.50 per tray processed. Finished goods are transferred to finished goods store. The job has cost 3.50 per tray in total (80 trays X 3.50 = 280). 60 trays, which cost 3.50 each to manufacture, are delivered to a customer. The customer pays a price of 5 cash per tray immediately on delivery. 200 160 120 280 210 300