The schedule that follows reports the beginning balances and activity during the year in a town’s supplies fund (a governmental fund). The government accounts for supplies on a purchases basis (in thousands). Fund balance (unassigned),
January 1 $ 400
Fund balance, assigned
(encumbrances), January 1 $240
Fund balance, nonspendable
(inventory), January 1 $170
Total fund balance, January 1 $ 810
Appropriations (for purchases of supplies) $3,400
Estimated revenues 3,200
Actual revenues 3,300
Supplies ordered 3,160
Supplies received 3,360
Supplies paid-for 2,800
Supplies used 3,280
1. Compute the following (and show your computations):
a. Fund balance, nonspendable (inventory), December 31
b. Fund balance, assigned (encumbrances), December 31
c. Fund balance (unassigned), December 31