Business, 27.03.2020 04:54, Looneytunness1806

PCM, Inc., is a direct marketer of computer hardware, software, peripherals, and electronics. In a recent annual report, the company reported that its revenue is "recognized upon receipt of the product by the customer." Required: 1. Indicate whether PCM's sales terms are FOB shipping point or FOB destination. 2a. Assume PCM sold inventory on account to eCOST on December 28 that was to be delivered January 3. The inventory cost PCM $25,500 and the selling price was $31,000. What amounts, if any, related to this transaction would be reported on PCM's balance sheet and income statement in December

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PCM, Inc., is a direct marketer of computer hardware, software, peripherals, and electronics. In a r...