Bedrock Company reported a December 31 ending inventory balance of $416,000. The following additional information is also
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Question:
The ending inventory balance of $416,000 included $72,800 of consigned inventory for which Bedrock was the cosigner.
The ending inventory balance of $416,000 included $23,600 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.
Based on this information, the correct balance for ending inventory on December 31. is:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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