P$6-3($Capital Outlay; Inventory$-$Consumption Method$)($a$)$ Record the following transactions in the General Fund General Ledger of Benford Township using the

consumption method $($periodic inventory system$)$ to account for materials, supplies, and prepayments. Record both the budgetary and actual entries. $($b$)$ Compute the

amount of expenditures to be reported in the school district General Fund statement of revenues, expenditures, and changes in fund balance. $($c$)$ Compute the

amount of nonspendable fund balance to be reported at year end. Materials and supplies costing $$90,000$ were on hand at the beginning of the year.

The town ordered the following:

The town received the garbage vehicles. The actual cost of $$222,000$ was vouchered for payment.

The town received most of the supplies ordered $($estimated cost $$302,000).$ The actual cost was $$301,800.$

The town paid $$523,800$ of vouchers payable.

At year end, the town had supplies on hand costing $$102,000.$