Business
Business, 11.11.2019 22:31, rodres17

Metlock company took a physical inventory on december 31 and determined that goods costing $185,000 were on hand. not included in the physical count were $24,080 of goods purchased from pelzer corporation, f. o.b. shipping point, and $20,810 of goods sold to alvarez company for $32,070, f. o.b. destination. both the pelzer purchase and the alvarez sale were in transit at year-end. what amount should metlock report as its december 31 inventory?

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Metlock company took a physical inventory on december 31 and determined that goods costing $185,000...

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