Balance, December 31,
2011………………………………………..
Plus Bad Debt Expense for 2012: 0.02 X $18,000
………….
Less Accounts Written Off (
…………………………………
Balance, December 31,
2012………………………………………..
Plus Bad Debt Expense for 2013: 0.02 X $16,000
………….
Less Accounts Written Off (
…………………………………
(
Balance, December 31,
Balance, December 31,
2011………………………………………..
Plus Warranty Expense for 2012: 0.06 X $18
………….
9.1 continued.
9.2 continued.
Less Actual Warranty Costs
(Plug)………………………………
(
87
0
Balance, December 31,
2012………………………………………..
$ 1,535
Plus Warranty Expense for 2013: 0.06 X $16
,
000 …………. 960
Less Actual Warranty Costs (Plug)………………………………
(
77
5
) Balance, December 31,
2013……………………………………….. $
1
, 72
0
9.34 (Miele Company; journal entries for warranty liabilities and
subsequent expenditures.) (amounts in euros)
a. Last Year
Accounts Receivable ………………………………………… 1,200,000
Sales Reve
nu
e ………………………………………………1,200,000
Warranty Liability ………………………………………….. 12,000
Cash ……………………………………………………………12,000
Expenditures actually made.
Warranty Expense …………………………………………… 48,000
Warranty Liability ……………………………………….48,000
0.04 X €1,200,000.
Current Year
Accounts Receivable ………………………………………… 1,500,000
Sales Reve
nu
e ………………………………………………1,500,000
Warranty Liability ………………………………………….. 50,000
Cash ……………………………………………………………50,000
Expenditures actually made.
Warranty Expense …………………………………………… 60,000
Warranty Liability ……………………………………….60,000
0.04 X €1,500,000
b. €76,000 = €30,000 + €48,000 – €12,000 + €60,000 – €50,000.
9-13Solutions
9.35 (Kingspeed Bikes; journal entries for warranty liabilities and
subsequent expenditures.) (amounts in US$)
a. 2011
Cash ………………………………………………………………. 800,000
Sales Reve
nu
e ………………………………………………
800,0
0
Warranty Liability ………………………………………….. 22,000
9.3 continued.Cash ……………………………………………………………13,200
Parts Inventory …………………………………………….8,800
Warranty Expense …………………………………………… 48,000
Warranty Liability ………………………………………48,000
0.06 X $800,000 = $48,000.
2012
Cash ………………………………………………………………. 1,200,000
Sales Reve
nu
e ………………………………………………
1,200,0
0
Warranty Liability ………………………………………….. 55,000
Cash ……………………………………………………………33,000
Parts Inventory …………………………………………….22,000
Warranty Expense …………………………………………… 72,000
Warranty Liability ……………………………………….72,000
0.06 X $1,200,000 = $72,000.
2013
Cash ………………………………………………………………. 900,000
Sales Reve
nu
e ………………………………………………900,000
Warranty Liability ………………………………………….. 52,000
Cash ……………………………………………………………31,20
Parts Inventory …………………………………………….20,80
Warranty Expense …………………………………………… 54,000
Warranty Liability ……………………………………….54,000
0.06 X $900,000 = $54,000.
b. $48,000 – $22,000 + $72,000 – $55,000 + $54,000 – $52,000
= $45,000.
Solutions9-14
9.36 (Sappi Paper Limited; journal entries for restructuring liabilities
and subsequent expenditures.) (amounts in millions of South
African rand [ZAR])
Restructuring Provision ………………………………………….
32
Ca
sh
………………………………………………………………….32
To record cash expenditures on previously
accrued re- structuring costs.
Restructuring
Expense ……………………………………………
7
9.4 continued.
Restructuring Provision ………………………………………7
During the year, Sappi recognized
restructuringcharges of ZAR7 million [= ZAR41
– (ZAR32 + ZAR16)].
9.37 (Delchamps Group; journal entries for restructuring liabilities and
subsequent expenditures.) (amounts in millions of euros)
a. Journal entries for
2012
Restructuring
Expense ……………………………………..14.2
Restructuring Provision…………………………………
14.
2
To record new restructuring charges made during
2012.
Restructuring Provision…………………………………….7.3
Restructuring
Expense ………………………………….7.3
To record the reversal of prior period
restructuring charges.
Restructuring Provision…………………………………….40.0
Cash …………………………………………………………… 40.0
To record cash expenditures to settle restructuring
Provisions; 40.0 = [(84.0 + 14.2) – (7.3 + 50.9)].
b. Delchamps will report a total restructuring
provision classified as follows on its balance sheet:
of
€50.9,
Current Portion of Restructuring Provision………………..€ 12.5
million
Noncurrent Portion of Restructuring
Pr
ov
isi
o
n
…………..€ 38.4
million
9-15Solutions
c. Delchamps’s income in 2012 is lower by €6.9 million (= €14.2
million –
€7.3 million). The net change in income of €6.9 million is
added to income as a noncash expense to calculate cash flow
from operations in the statement of cash flows
9.38 (Katherine’s Outdoor Furniture; preparation of journal entries and
income statement for a manufacturing firm.) (amounts in US$)
a. (1) Raw Materials Inventory……………………………. 667,200
9.5 continued. Accounts Payable ……………………………………
667,20
0
(2) Work-in-Process Inventory…………………………..
689,100
Raw Materials Inventory…………………………
689,10
0
(3) Work-in-Process Inventory…………………………..
432,800
Selling Expenses ……………………………………….. 89,700
Administrative Expenses …………………………… 22,300
Cash……………………………………………………… 544,80
0
(4) Work-in-Process Inventory…………………………..
182,900
Selling Expenses ……………………………………….. 87,400
Administrative Expenses …………………………… 12,200
Accumulated Depreciation……………………….
282,50
0
(5) Work-in-Process Inventory…………………………..
218,500
Selling Expenses ……………………………………….. 55,100
Administrative Expenses …………………………… 34,700
Cash………………………………………………………308,300
(6) Finished Goods
Inventory
……………………………
1,564,500
Work-in-Process Inventory……………………….1,564,500
(7) Accounts Receivable……………………………………
2,400,000
Sales
Revenue
………………………………………..2,400,000
(8) Cost of Goods Sold ……………………………………..
1,536,600
Finished Goods
Inventory
………………………..1,536,600
$182,700 + $1,564,500 – $210,600 =
$1,536,600.
Solutions9-16
b.KATHERINE’S OUTDOOR FURNITURE Income
Statement
For the Month of
Ja
nu
a
r
y
9.6 continued.
Sales ………………………………………………………. $
2,400,000
Less Expenses:
Cost of Goods Sold………………………………… $ 1,536,600
S
e
llin
g …………………………………………………. 232,200
Administrative
……………………………………..
6
9
, 20
0
(
1
,
83
8
,
00
0
) Net
I
nc
ome ……………………………………………….
$
56
2
, 00
0
Note: Instead of using a functional classification of expenses
(that is, selling, administrative), classification by their
nature (salary, depreciation, other operating) is acceptable.
9.39 (Lord Cromptom Plc.; flow of manufacturing costs through the
accounts.) (amounts in pounds sterling)
a. Beginning Raw Materials I
n
ve
n
t
or
y
£
46,900
Raw Materials
Purch
a
s
ed
……………………………………………..
42
9
, 00
0
Raw Materials Available for Use
…………………………………..
£
475,900
Subtract Ending Raw Materials
Inventory………………………
(
4
3
, 60
0
)
Cost of Raw Materials
Us
ed
………………………………………….
£
43
2
, 30
0
Beginning Factory Supplies I
n
ve
n
t
or
y …………………………….£
7,600
Factory Supplies
Purch
a
s
ed …………………………………………..
2
2
, 30
0
Factory Supplies Available for Use ………………………………..
£
29,900
Subtract Ending Factory Supplies Inventory……………………
(
7
, 70
0
)
Cost of Factory Supplies
Us
ed ……………………………………….
£
2
2
, 20
0
9-17Solutions
b. Beginning Work-in-Process I
n
ve
n
t
or
y
£
110,900
Cost of Raw Materials Used (from Part
a.)……………………..
432,300
Cost of Factory Supplies Used (from Part
a.)…………………..
22,200
Direct Labor Costs
Incurred
…………………………………………..
362,100
Heat, Light, and Power Costs
………………………………………..
10,300
I
nsur
a
nc
e ……………………………………………………………
………..
4,200
9.7 continued.
Depreciation of Factory Equipment
………………………………..
36,900
Prepaid Rent Expired
……………………………………………………
3
,
60
0
Total Beginning Work-in-Process and Manufacturing
Costs
Incurred
……………………………………………………………
£
982,500
Subtract Ending Work-in-Process
Inventory…………………….
(
11
5
, 20
0
)
Cost of Units Completed and Transferred to Finished
Goods
S
t
orer
oom ………………………………………………………..
£
86
7
,30
0
c. Beginning Finished Goods Inventory
………………………………
£
76,700
Cost of Units Completed and Transferred to Finished
Goods Storeroom (from Part
b.)……………………………………
867,300
Subtract Ending Finished Goods I
n
ve
n
t
or
y
……………………..
(
7
1
, 40
0
)
Cost of Goods
Sold
………………………………………………………..
£
87
2
, 60
0
d. Net Income is £110,040 [= (1 – 0.40)(£1,350,000 – £872,600 –
£246
,
900
– £47,100)].
9.40 (Sedan Corporation; flow of manufacturing costs.) (amounts in
millions of yen)
a. Ending Balance of Total Inventory = Ending Balance of Raw
Materials and Supplies Inventory + Ending Balance of
Work-in-Process Inventory
+ Ending Balance of Finished Goods Inventory.
Ending Balance of Total Inventory = ¥374,210 + ¥239,937 +
¥1,211,569
= ¥1,825,716 million.
b. Beginning Finished Goods Inventory + Cost of Units
Completed = Cost of Products Sold + Write-downs + Ending
Finished Goods Inventory.
¥1,204,521 + Cost of Units Completed = ¥20,452,338 + 0 +
¥1,211,569. Cost of Units Completed = ¥20,459,386 million.
Solutions9-18
c. Beginning Balance in Work-in-Process Inventory + Direct
Materials + Direct Labor + Overhead = Cost of Units
Completed + Ending Balance in Work-in-Process Inventory.
9.8 continued.
¥236,749 + Raw Material and Supplies Costs +
¥12,000,000 =
¥20,459,386 (from Part b.) + ¥236,937.
Raw Material and Supplies Costs = ¥8,462,574
million. Work-in-Process
Inventory………………………………… 8,462,574
Raw Materials and Supplies I
n
ve
n
t
or
y …………..
8
,
462
,
574
d. Beginning Balance in Raw Materials Inventory + Raw Materials
Purchases = Raw Materials Used in Production + Ending
Balance of Raw Materials Inventory.
¥362,686 + Raw Materials and Supplies Purchases =
¥8,462,574 +
¥374,210.
Raw Materials and Supplies Purchases = ¥8,474,098
million. Raw Materials and Supplies I
n
ve
n
t
or
y
……………… 8,474,098
Accounts
P
ayab
l
e ………………………………………….
8
,
474
,
098
9.41 (Minevik Group; flow of manufacturing costs.) (amounts in
millions of
Swedish kronor [SEK])
a. Ending Balance of Total Inventory = Ending Balance of Raw
Materials Inventory + Ending Balance of Work-in-Process
Inventory + Ending Balance of Finished Goods Inventory.
Ending Balance of Total Inventory = SEK6,964 +
SEK5,157 + SEK13,180 = SEK25,301 million.
b. Loss on Impairment of Inventory ………………………. 281
Finished Goods I
n
ve
n
to
r
y ………………………………
9.9 continued. 2
81
9-19Solutions
c. Cost of Sales, after Write-down = Cost of Sales, before
Write-down + Write-down.
SEK57,222 = (Cost of Sales, before Write-down) +
SEK281. Cost of Sales, before Write-down =
SEK56,941 million.
d. Beginning Finished Goods Inventory + Cost of Units
Completed = Cost of Sales + Write-downs + Ending Finished
Goods Inventory.
SEK8,955 + Cost of Units Completed = SEK56,941 +
SEK281 + SEK13,180.
Cost of Units Completed = SEK61,447 million.
e. Beginning Balance in Work-in-Process Inventory + Direct
Materials + Direct Labor + Overhead = Cost of Units
Completed + Ending Balance in Work-in-Process Inventory.
SEK4,093 + Direct Material Costs + 3 X Direct Material
Costs = SEK61,447 (from Part d.) + SEK5,157.
Direct Material Costs = SEK62,511/4 = SEK15,628
million. Work-in-Process
Inventory………………………………… 15,
628
Raw Materials Inventory………………………………. 15,62
8
f. Beginning Balance in Raw Materials Inventory + Raw Materials
Purchases = Raw Materials Used in Production + Ending
Balance of Raw Materials Inventory.
SEK5,690 + Raw Material Purchases = SEK15,628 (from
Part e.) + SEK6,964.
9.10
continued.
Raw Materials Purchases = SEK16,902 million.
9.2 continued.
Less Actual Warranty Costs
(Plug)………………………………
(
87
0
Balance, December 31,
2012………………………………………..
$ 1,535
Plus Warranty Expense for 2013: 0.06 X $16
,
000 …………. 960
Less Actual Warranty Costs (Plug)………………………………
(
77
5
) Balance, December 31,
2013……………………………………….. $
1
, 72
0
9.34 (Miele Company; journal entries for warranty liabilities and
subsequent expenditures.) (amounts in euros)
a. Last Year
Accounts Receivable ………………………………………… 1,200,000
Sales Reve
nu
e ………………………………………………1,200,000
Warranty Liability ………………………………………….. 12,000
Cash ……………………………………………………………12,000
Expenditures actually made.
Warranty Expense …………………………………………… 48,000
Warranty Liability ……………………………………….48,000
0.04 X €1,200,000.
Current Year
Accounts Receivable ………………………………………… 1,500,000
Sales Reve
nu
e ………………………………………………1,500,000
Warranty Liability ………………………………………….. 50,000
Cash ……………………………………………………………50,000
Expenditures actually made.
Warranty Expense …………………………………………… 60,000
Warranty Liability ……………………………………….60,000
0.04 X €1,500,000
b. €76,000 = €30,000 + €48,000 – €12,000 + €60,000 – €50,000.
9-13Solutions
9.35 (Kingspeed Bikes; journal entries for warranty liabilities and
subsequent expenditures.) (amounts in US$)
a. 2011
Cash ………………………………………………………………. 800,000
Sales Reve
nu
e ………………………………………………
800,0
0
Warranty Liability ………………………………………….. 22,000
9.3 continued.Cash ……………………………………………………………13,200
Parts Inventory …………………………………………….8,800
Warranty Expense …………………………………………… 48,000
Warranty Liability ………………………………………48,000
0.06 X $800,000 = $48,000.
2012
Cash ………………………………………………………………. 1,200,000
Sales Reve
nu
e ………………………………………………
1,200,0
0
Warranty Liability ………………………………………….. 55,000
Cash ……………………………………………………………33,000
Parts Inventory …………………………………………….22,000
Warranty Expense …………………………………………… 72,000
Warranty Liability ……………………………………….72,000
0.06 X $1,200,000 = $72,000.
2013
Cash ………………………………………………………………. 900,000
Sales Reve
nu
e ………………………………………………900,000
Warranty Liability ………………………………………….. 52,000
Cash ……………………………………………………………31,20
Parts Inventory …………………………………………….20,80
Warranty Expense …………………………………………… 54,000
Warranty Liability ……………………………………….54,000
0.06 X $900,000 = $54,000.
b. $48,000 – $22,000 + $72,000 – $55,000 + $54,000 – $52,000
= $45,000.
Solutions9-14
9.36 (Sappi Paper Limited; journal entries for restructuring liabilities
and subsequent expenditures.) (amounts in millions of South
African rand [ZAR])
Restructuring Provision ………………………………………….
32
Ca
sh
………………………………………………………………….32
To record cash expenditures on previously
accrued re- structuring costs.
Restructuring
Expense ……………………………………………
7
9.4 continued.
Restructuring Provision ………………………………………7
During the year, Sappi recognized
restructuringcharges of ZAR7 million [= ZAR41
– (ZAR32 + ZAR16)].
9.37 (Delchamps Group; journal entries for restructuring liabilities and
subsequent expenditures.) (amounts in millions of euros)
a. Journal entries for
2012
Restructuring
Expense ……………………………………..14.2
Restructuring Provision…………………………………
14.
2
To record new restructuring charges made during
2012.
Restructuring Provision…………………………………….7.3
Restructuring
Expense ………………………………….7.3
To record the reversal of prior period
restructuring charges.
Restructuring Provision…………………………………….40.0
Cash …………………………………………………………… 40.0
To record cash expenditures to settle restructuring
Provisions; 40.0 = [(84.0 + 14.2) – (7.3 + 50.9)].
b. Delchamps will report a total restructuring
provision classified as follows on its balance sheet:
of
€50.9,
Current Portion of Restructuring Provision………………..€ 12.5
million
Noncurrent Portion of Restructuring
Pr
ov
isi
o
n
…………..€ 38.4
million
9-15Solutions
c. Delchamps’s income in 2012 is lower by €6.9 million (= €14.2
million –
€7.3 million). The net change in income of €6.9 million is
added to income as a noncash expense to calculate cash flow
from operations in the statement of cash flows
9.38 (Katherine’s Outdoor Furniture; preparation of journal entries and
income statement for a manufacturing firm.) (amounts in US$)
a. (1) Raw Materials Inventory……………………………. 667,200
9.5 continued. Accounts Payable ……………………………………
667,20
0
(2) Work-in-Process Inventory…………………………..
689,100
Raw Materials Inventory…………………………
689,10
0
(3) Work-in-Process Inventory…………………………..
432,800
Selling Expenses ……………………………………….. 89,700
Administrative Expenses …………………………… 22,300
Cash……………………………………………………… 544,80
0
(4) Work-in-Process Inventory…………………………..
182,900
Selling Expenses ……………………………………….. 87,400
Administrative Expenses …………………………… 12,200
Accumulated Depreciation……………………….
282,50
0
(5) Work-in-Process Inventory…………………………..
218,500
Selling Expenses ……………………………………….. 55,100
Administrative Expenses …………………………… 34,700
Cash………………………………………………………308,300
(6) Finished Goods
Inventory
……………………………
1,564,500
Work-in-Process Inventory……………………….1,564,500
(7) Accounts Receivable……………………………………
2,400,000
Sales
Revenue
………………………………………..2,400,000
(8) Cost of Goods Sold ……………………………………..
1,536,600
Finished Goods
Inventory
………………………..1,536,600
$182,700 + $1,564,500 – $210,600 =
$1,536,600.
Solutions9-16
b.KATHERINE’S OUTDOOR FURNITURE Income
Statement
For the Month of
Ja
nu
a
r
y
9.6 continued.
Sales ………………………………………………………. $
2,400,000
Less Expenses:
Cost of Goods Sold………………………………… $ 1,536,600
S
e
llin
g …………………………………………………. 232,200
Administrative
……………………………………..
6
9
, 20
0
(
1
,
83
8
,
00
0
) Net
I
nc
ome ……………………………………………….
$
56
2
, 00
0
Note: Instead of using a functional classification of expenses
(that is, selling, administrative), classification by their
nature (salary, depreciation, other operating) is acceptable.
9.39 (Lord Cromptom Plc.; flow of manufacturing costs through the
accounts.) (amounts in pounds sterling)
a. Beginning Raw Materials I
n
ve
n
t
or
y
£
46,900
Raw Materials
Purch
a
s
ed
……………………………………………..
42
9
, 00
0
Raw Materials Available for Use
…………………………………..
£
475,900
Subtract Ending Raw Materials
Inventory………………………
(
4
3
, 60
0
)
Cost of Raw Materials
Us
ed
………………………………………….
£
43
2
, 30
0
Beginning Factory Supplies I
n
ve
n
t
or
y …………………………….£
7,600
Factory Supplies
Purch
a
s
ed …………………………………………..
2
2
, 30
0
Factory Supplies Available for Use ………………………………..
£
29,900
Subtract Ending Factory Supplies Inventory……………………
(
7
, 70
0
)
Cost of Factory Supplies
Us
ed ……………………………………….
£
2
2
, 20
0
9-17Solutions
b. Beginning Work-in-Process I
n
ve
n
t
or
y
£
110,900
Cost of Raw Materials Used (from Part
a.)……………………..
432,300
Cost of Factory Supplies Used (from Part
a.)…………………..
22,200
Direct Labor Costs
Incurred
…………………………………………..
362,100
Heat, Light, and Power Costs
………………………………………..
10,300
I
nsur
a
nc
e ……………………………………………………………
………..
4,200
9.7 continued.
Depreciation of Factory Equipment
………………………………..
36,900
Prepaid Rent Expired
……………………………………………………
3
,
60
0
Total Beginning Work-in-Process and Manufacturing
Costs
Incurred
……………………………………………………………
£
982,500
Subtract Ending Work-in-Process
Inventory…………………….
(
11
5
, 20
0
)
Cost of Units Completed and Transferred to Finished
Goods
S
t
orer
oom ………………………………………………………..
£
86
7
,30
0
c. Beginning Finished Goods Inventory
………………………………
£
76,700
Cost of Units Completed and Transferred to Finished
Goods Storeroom (from Part
b.)……………………………………
867,300
Subtract Ending Finished Goods I
n
ve
n
t
or
y
……………………..
(
7
1
, 40
0
)
Cost of Goods
Sold
………………………………………………………..
£
87
2
, 60
0
d. Net Income is £110,040 [= (1 – 0.40)(£1,350,000 – £872,600 –
£246
,
900
– £47,100)].
9.40 (Sedan Corporation; flow of manufacturing costs.) (amounts in
millions of yen)
a. Ending Balance of Total Inventory = Ending Balance of Raw
Materials and Supplies Inventory + Ending Balance of
Work-in-Process Inventory
+ Ending Balance of Finished Goods Inventory.
Ending Balance of Total Inventory = ¥374,210 + ¥239,937 +
¥1,211,569
= ¥1,825,716 million.
b. Beginning Finished Goods Inventory + Cost of Units
Completed = Cost of Products Sold + Write-downs + Ending
Finished Goods Inventory.
¥1,204,521 + Cost of Units Completed = ¥20,452,338 + 0 +
¥1,211,569. Cost of Units Completed = ¥20,459,386 million.
Solutions9-18
c. Beginning Balance in Work-in-Process Inventory + Direct
Materials + Direct Labor + Overhead = Cost of Units
Completed + Ending Balance in Work-in-Process Inventory.
9.8 continued.
¥236,749 + Raw Material and Supplies Costs +
¥12,000,000 =
¥20,459,386 (from Part b.) + ¥236,937.
Raw Material and Supplies Costs = ¥8,462,574
million. Work-in-Process
Inventory………………………………… 8,462,574
Raw Materials and Supplies I
n
ve
n
t
or
y …………..
8
,
462
,
574
d. Beginning Balance in Raw Materials Inventory + Raw Materials
Purchases = Raw Materials Used in Production + Ending
Balance of Raw Materials Inventory.
¥362,686 + Raw Materials and Supplies Purchases =
¥8,462,574 +
¥374,210.
Raw Materials and Supplies Purchases = ¥8,474,098
million. Raw Materials and Supplies I
n
ve
n
t
or
y
……………… 8,474,098
Accounts
P
ayab
l
e ………………………………………….
8
,
474
,
098
9.41 (Minevik Group; flow of manufacturing costs.) (amounts in
millions of
Swedish kronor [SEK])
a. Ending Balance of Total Inventory = Ending Balance of Raw
Materials Inventory + Ending Balance of Work-in-Process
Inventory + Ending Balance of Finished Goods Inventory.
Ending Balance of Total Inventory = SEK6,964 +
SEK5,157 + SEK13,180 = SEK25,301 million.
b. Loss on Impairment of Inventory ………………………. 281
Finished Goods I
n
ve
n
to
r
y ………………………………
9.9 continued. 2
81
9-19Solutions
c. Cost of Sales, after Write-down = Cost of Sales, before
Write-down + Write-down.
SEK57,222 = (Cost of Sales, before Write-down) +
SEK281. Cost of Sales, before Write-down =
SEK56,941 million.
d. Beginning Finished Goods Inventory + Cost of Units
Completed = Cost of Sales + Write-downs + Ending Finished
Goods Inventory.
SEK8,955 + Cost of Units Completed = SEK56,941 +
SEK281 + SEK13,180.
Cost of Units Completed = SEK61,447 million.
e. Beginning Balance in Work-in-Process Inventory + Direct
Materials + Direct Labor + Overhead = Cost of Units
Completed + Ending Balance in Work-in-Process Inventory.
SEK4,093 + Direct Material Costs + 3 X Direct Material
Costs = SEK61,447 (from Part d.) + SEK5,157.
Direct Material Costs = SEK62,511/4 = SEK15,628
million. Work-in-Process
Inventory………………………………… 15,
628
Raw Materials Inventory………………………………. 15,62
8
f. Beginning Balance in Raw Materials Inventory + Raw Materials
Purchases = Raw Materials Used in Production + Ending
Balance of Raw Materials Inventory.
SEK5,690 + Raw Material Purchases = SEK15,628 (from
Part e.) + SEK6,964.
9.10
continued.
Raw Materials Purchases = SEK16,902 million.