The December 31, 2021, year-end inventory balance of the Raymond Corporation is $214,000. You have been asked to review the following transactions to determine if they have been correctly recorded. Goods shipped to Raymond f. o.b. destination on December 26, 2021, were received on January 2, 2022. The invoice cost of $32,000 is included in the preliminary inventory balance.
At year-end, Raymond held $16,000 of merchandise on consignment from the Harrison Company. This merchandise is included in the preliminary inventory balance.
On December 29, merchandise costing $6,200 was shipped to a customer f. o.b. shipping point and arrived at the customer’s location on January 3, 2022. The merchandise is not included in the preliminary inventory balance.
At year-end, Raymond had merchandise costing $17,000 on consignment with the Joclyn Corporation. The merchandise is not included in the preliminary inventory balance.

Required:
Determine the correct inventory amount to be reported in Raymond’s 2021 balance sheet.

Need true or false 1 2 3 4 5 6 7 8

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e. g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $