Question: Kieso, Intermediate Accounting, 16e Intermediate Accounting (ACCT 211 ctice Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 9-18 Lumber Millwork
Kieso, Intermediate Accounting, 16e Intermediate Accounting (ACCT 211 ctice Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 9-18 Lumber Millwork Hardware and fittings 25% 30% 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To loss for insurance purposes, the company must know what the inventories were immediately preceding the file a report of fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction. Lumber Millwork Hardware Inventory, Jan. 1, 2017 Purchases to Aug. 18, 2017 1,512,300 380,800 159,000 Sales to Aug, 18, 2017 $250,100 $90,100 $45,300 2,119,600 508,300 212,800 Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computational purposes to 5 decimal places, eg. 78.74 265% and final answers to 0 decimal places, eg. 28,987.) Lumber Millwork Hardware Inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 10 used SAVE FOR LATER SUBMIT ANSWE
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