Question: Search Homework 1) - Read-Only- Fermulas Data Review Tile Home insert Page Layout View Help Acre Share PC A11 H M N Q R D
Search Homework 1) - Read-Only- Fermulas Data Review Tile Home insert Page Layout View Help Acre Share PC A11 H M N Q R D E Sun Company is trying to determine the value of its ending inventory as of March, 2014, the company's year end. The following transactions occurred, and the accountant asked your help in determining 1 whether they should be recorded or not S T On March 30, Sun shipped to a customer goods costing $1,000. The goods were shipped Fol destination, and the receiving report indicates that the customer received the goods on April 1. 4 on March 28, Wholesale Inc. shipped goods to Sun FOB shipping point. The invoice price was $600 plus $20 for freight. The receiving report indicates that the goods were received by Sun on April 2. 5. Sun had $750 of consigned goods from Frederick in 6 Sun had of inventory at Stephen's Variety on consignment from Sun 7 On March 28, Sun ordered goods costing 5640. The goods were shipped Foel destination on March 31. Sun received the goods on April 3. 8) A customer returned goods to Sun on March 31. Upon inspection, the goods were found to be undamaged and were accepted as returned goods. These goods originally cost $400 and Sun sold them for $640. 9 Instructions 10 reach of the above transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount. For each item that is not included in ending inventory, indicate who ow 12 13 15 15 19 21 02 e noe here to search
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
