Question

budgeting inventories for each independent situation below, determine the missing amounts: a b c d beginnning inventory 15,000 answer 12,000 answer produced 40,000 32,000 answer 60,000 available answer answer 26,000 62,000 sold 45,000 23,000 answer answer ending inventory answer 10,000 1,000 7,000

Answer 1

To determine the missing amounts for each independent situation, calculate the available and ending inventory. Add the beginning inventory to the quantity produced to find the available inventory. Subtract the quantity sold from the available inventory to find the ending inventory.

Step-by-step explanation:

In order to determine the missing amounts for each independent situation, we need to calculate the available and ending inventory for each situation.

For situation a, the available inventory can be calculated by adding the beginning inventory to the quantity produced: 15,000 + 40,000 = 55,000. The ending inventory can be calculated by subtracting the quantity sold from the available inventory: 55,000 - 45,000 = 10,000.

For situation b, the available inventory can be calculated by adding the beginning inventory to the quantity produced: 12,000 + 32,000 = 44,000. The ending inventory can be calculated by subtracting the quantity sold from the available inventory: 44,000 - 23,000 = 21,000.

For situation c, the available inventory can be calculated by adding the beginning inventory to the quantity produced: 60,000. The ending inventory can be calculated by subtracting the quantity sold from the available inventory: 60,000 - 26,000 = 34,000.

For situation d, the available inventory can be calculated by adding the beginning inventory to the quantity produced: 15,000 + 62,000 = 77,000. The ending inventory can be calculated by subtracting the quantity sold from the available inventory: 77,000 - 7,000 = 70,000.

Answer 2

To calculate the missing amounts for the given inventory situations, we can use the formula: Ending Inventory = Beginning Inventory + Produced - Sold. By substituting the given values into the formula, we can find the missing amounts.

Step-by-step explanation:

In the given inventory situation, the missing amounts can be calculated by using the formula:

Ending Inventory = Beginning Inventory + Produced - Sold

To calculate the missing amounts:

a) For situation A, the ending inventory would be calculated as: 15,000 + 40,000 - 45,000 = 10,000.

b) For situation B, the ending inventory would be calculated as: 12,000 + 32,000 - 23,000 = 21,000.

c) For situation C, the available inventory would be calculated as: Beginning Inventory + Produced, which is: 15,000 + 60,000 = 75,000.

d) For situation D, both the available inventory and ending inventory can be calculated as: 12,000 + 26,000 - 7,000 = 31,000.