Company accounting Statistics Project Example | Topics and Well Written Essays - 2000 words

Company accounting - Statistics Project ExampleIn Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the opening inventory of A Ltd company.A Ltd companys ending inventory is $950, B Ltd companys ending inventory is $720 and C Ltd companys ending inventory is $780. In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the ending inventory of A Ltd company.... In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the opening inventory of A Ltd company.The Amount of opening inventory mentioned in the Income Statement is derived as followsA Ltd Companys opening inventory = existing inventory - scrutinise purchased from B Ltd- Inventory purchased from B Ltd. = $880 - $180 -$280A Ltd Companys opening inventory = $420B Ltd Companys opening inventory = $640 + $180 = $820C Ltd Companys opening inventory = $790 + $280 = $1070 replete(p) Opening Inventory = $2310 3. Inventory (31.1.2008)A Ltd companys ending inventory is $950, B Ltd companys ending inventory is $720 and C Ltd companys ending inventory is $780. In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the ending inventory of A Ltd company.The Amount of opening inventory mentioned in the Income Statement is derived as followsA Ltd Companys ending inventory = Actual inventory - Inventory purchased from B Ltd- Inventory purchased from B Ltd.= $950 - $190 -$340A Ltd Companys ending inventory = $420B Ltd Companys ending inventory = $720 + $190 = $910C Ltd Companys ending inventory = $780 + $ 340 = $1120Total Ending Inventory = $2450