Business
Business, 07.06.2021 15:40, jlchandl

A company took a physical inventory at the end of the year and determined that $833,000 of goods were on hand. In addition, the following items were not included in the physical count: Management determined that $96,000 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count)
The company sold $40,000 worth of inventory f. o.b. destination.
What amount should Bell report as inventory at the end of the year?

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Answers: 3

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A company took a physical inventory at the end of the year and determined that $833,000 of goods wer...

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