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

Company accounting - Statistics Project Example 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. A Ltd company's ending inventory is $950, B Ltd company's ending inventory is $720 and C Ltd company's 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 follows: A Ltd Company's opening inventory = Actual inventory - Inventory purchased from B Ltd- Inventory purchased from B Ltd. = $880 - $180 -$280 A Ltd Company's opening inventory = $420 B Ltd Company's opening inventory = $640 + $180 = $820 C Ltd Company's opening inventory = $790 + $280 = $1070 Total Opening Inventory = $2310 3. Inventory (31.1.2008) A Ltd company's ending inventory is $950, B Ltd company's ending inventory is $720 and C Ltd company's 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 follows: A Ltd Company's ending inventory = Actual inventory - Inventory purchased from B Ltd- Inventory purchased from B Ltd. = $950 - $190 -$340 A Ltd Company's ending inventory = $420 B Ltd Company's ending inventory = $720 + $190 = $910 C Ltd Company's ending inventory = $780 + $340 = $1120 Total Ending Inventory = $2450