A company with an accounting date of 31 October carried out a physical check of inventory on 4 November 20X3, leading to an inventory value at cost at this date of $483,700.Between 1 November 20X3 and 4 November 20X3 the following transactions took place: 1 Goods costing $38,400 were received from suppliers. 2 Goods that had cost $14,800 were sold for $20,000. 3
A、customer returned, in good condition, some goods which had been sold to him in October for $600 and which had cost $400. 4 The company returned goods that had cost $1,800 in October to the supplier, and received a credit note for them What figure should appear in the company's financial statements at 31 October 20X3 for closing inventory, based on this information?.
A、$458,700
B、$505,900
C、$508,700
D、$461,500
A、customer returned, in good condition, some goods which had been sold to him in October for $600 and which had cost $400. 4 The company returned goods that had cost $1,800 in October to the supplier, and received a credit note for them What figure should appear in the company's financial statements at 31 October 20X3 for closing inventory, based on this information?.
A、$458,700
B、$505,900
C、$508,700
D、$461,500
【参考答案及解析】
Inventory check balance $ 483,700 Less： goods from suppliers (38,400) Add： goods sold 14,800 Less： goods returned (400) Add： goods returned to supplier 1,800 461,500
Inventory check balance $ 483,700 Less： goods from suppliers (38,400) Add： goods sold 14,800 Less： goods returned (400) Add： goods returned to supplier 1,800 461,500