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Budgeting Inventories For each independent situation below, determine the missing amounts: A B C D Beginnning...

Budgeting Inventories
For each independent situation below, determine the missing amounts:

A B C D
Beginnning inventory 8,000 Answer 5,000 Answer
Produced 40,000 25,000 Answer 60,000
Available Answer Answer 26,000 66,000
Sold 45,000 30,000 Answer Answer
Ending inventory Answer 10,000 8,000 1,000
Business   Accounting   
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Answer #1

Solution

A B C D
Beginnning inventory $        8,000 $     15,000 $      5,000 $   6,000
Produced $      40,000 $     25,000 $     21,000 $ 60,000
Available $      48,000 $     40,000 $     26,000 $ 66,000
Sold $      45,000 $     30,000 $     18,000 $ 65,000
Ending inventory $        3,000 $     10,000 $      8,000 $   1,000
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