Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sheiton corporation reported a december 31 ending

Sheiton Corporation reported a December 31 ending inventory balance of $413,500. The following additional information...

80.2K

Verified Solution

Question

Accounting

image
Sheiton Corporation reported a December 31 ending inventory balance of $413,500. The following additional information is also available: - The ending inventory balance of $413,500 included $72,300 of consigned inventory for which Bedrock was the consignor. - The ending inventory balance of $413,500 incorrectly included $22,600 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: Multiple Choice $413.500 $309,000 $341,900

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Venture Capital Financing is a type of funding which assemblies cash from investors and lend it...

Finance
Q

After surviving a bottleneck, a population recovers to the point where it consists of as...

Biology
Q

A coil has an inductance of joined in series with a resistance of 22092 When...

Physics
Q

a. Rewrite the equation 4x - 2y 6=0 in slope-intercept form.b. Give the slope...

Basic Math
Q

Bryan, Michael, and Han are painting a house. Working together, they can paint the house...

Algebra
Q

4 Emilee has a total of 580 She has 76 bills in all consisting of...

Algebra
Q

6x58x4 3 8x5 6x 3x

Algebra
Q

: 32 55 (). : 1...

Accounting
Q

6. In B E practice, dishonor' means the refusal to the acceptance or payment of...

Accounting
Q

\table[[\table[[Quilcene Oysteria],[Flexible Budget],[For the Month Ended August 31]],],[\table[[Actual pounds (q)],[Revenue ( $4.10q)]],\table[[\table[[7,200],[$29,520

Accounting
Q

$6750 at the end of tern years. Multible chonce 548,640 $55,120 $7,600 $52,720

Accounting
Q

15. The one-year spot rate is 4%, the forward rate for a one-year loan beginning...

Finance