On December 31 Of The Current Year Plunkett Company Reported An Ending Inventory Balance Of 210 500 The Following Addi 1 (16.36 KiB) Viewed 13 times
On December 31 Of The Current Year Plunkett Company Reported An Ending Inventory Balance Of 210 500 The Following Addi 2 (16.36 KiB) Viewed 13 times
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $210.500 The following additional information is also avable Plunkett sold and shipped goods costing $37100 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the endng every out of 120500 yee The shipment was • Plunkett purchased goods costing $43,100 on December 29 The goods were shipped FOB destination and were received by Plunkett on January 2 of the supposed to arrive by December 31. These goods were included in the ending inventory balance of $210.500 • Plunkett's ending inventory balance of $210.500 included $14100 of goods being held on consignment from Carole Company Punkett Company the consignes) . Plunkett's ending inventory balance of $210.500 did not include goods costing $94.300 that were shipped to Plueet on December 27 with shipping terms of F00 on and west Spekta Based on the above information, the amount that Plunkett should report in ending invertory on December 31
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!