f. Purchase orders totaling $700,000 were issued. Subsequently, invoices were received amounting to $685,000 for items estimated to cost $680,000. Included were supplies for $10,000. g. An ending...

f. Purchase orders totaling $700,000 were issued. Subsequently, invoices were received amounting to $685,000 for items estimated to cost $680,000. Included were supplies for $10,000.

g. An ending inventory of supplies amounted to $2,000, for which the fund balance should be reclassified. (There was no beginning inventory balance.)