Business
Business, 11.11.2019 20:31, Kjcampbell2

Cullumber company took a physical inventory on december 31 and determined that goods costing $514,000 were on hand. not included in the physical count were $7,000 of goods purchased from oriole corporation, f. o.b. shipping point, and $22,000 of goods sold to ro-ro company for $32,000, f. o.b. destination. both the oriole purchase and the ro-ro sale were in transit at year-end. what amount should cullumber report as its december 31 inventory?

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Cullumber company took a physical inventory on december 31 and determined that goods costing $514,00...

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