Ask Experts Questions for FREE Help !
Ask
    samgene's Avatar
    samgene Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 9, 2011, 08:41 PM
    Included in the company's count were goods with a cost of $ 250000 that the company
    Kale Thompson, anauditor with opa is performing a review of Strawser company's inventory account.Strawser did not have a good year and top management is under pressure to boost reported income. According to records, the inventory balance at the end was $740000. However, the following information was not consided when determiniing that amount.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    May 10, 2011, 02:31 PM

    What is your question and what have you attempted?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Schedule Cost of goods manufactured and cost of goods sold [ 10 Answers ]

I am taking my first class in Accounting and I am having difficulties with my homework. I have the following problem, that I have done in several ways and I always get an answer that is greater that the correct one. These are the figures (in thousands of dollars): Direct Labor Cost: $10,500...

Tobert Company, which sells electric razors, had $300,000 of cost of goods sold durin [ 1 Answers ]

Tobert Company, which sells electric razors, had $300,000 of cost of goods sold during the month of June. The company projects a 5 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $28,000, and the desired ending inventory balance for July is $29,000. Tobert...

Improperly Included Merchandise during Inventory Count [ 1 Answers ]

The physical inventory count on Dec. 31, 2008, improperly included merchandise with a cost of $18,500 that had been recorded as a sale on Dec. 27, 2008 and was being held for the customer to pick-up on Jan. 04, 2009. What would be the journal entry(ies) for removing this inventory from the stock...

Percent of cost of goods sold to Company sales [ 1 Answers ]

How do you compute the cost of goods sold to company sales for the year 20?2 to 20?3 and tell if the trend is favorable?

View more questions Search