280 View Policies Current Attempt in Progress Carla Vista Company took a physical inventory on December 31 and determined that goods costing $236,000 were on hand. Not included in the physical count were $29,500 of goods purchased from Pelzer Corporation, FOB, shipping point, and $25,960 of goods sold to Alvarez Company for $35,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 inventory? Ending inventory Save for Later LA eTextbook and Media A $ 2 MAR 1 Attempts: 0 of 3 used Submit Answer
280 View Policies Current Attempt in Progress Carla Vista Company took a physical inventory on December 31 and determined that goods costing $236,000 were on hand. Not included in the physical count were $29,500 of goods purchased from Pelzer Corporation, FOB, shipping point, and $25,960 of goods sold to Alvarez Company for $35,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 inventory? Ending inventory Save for Later LA eTextbook and Media A $ 2 MAR 1 Attempts: 0 of 3 used Submit Answer
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![280
View Policies
Current Attempt in Progress
Carla Vista Company took a physical inventory on December 31 and determined that goods costing $236,000 were on hand. Not
included in the physical count were $29,500 of goods purchased from Pelzer Corporation, FOB, shipping point, and $25,960 of goods
sold to Alvarez Company for $35,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
What amount should Carla Vista report as its December 31 inventory?
Ending inventory
Save for Later
LA
eTextbook and Media
A
$
2
MAR
1
Attempts: 0 of 3 used
Submit Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbae1d282-dfce-4c93-b842-1be9be509239%2Fd93c6365-a218-4b1d-ac98-47397f59f797%2Fadaqqi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:280
View Policies
Current Attempt in Progress
Carla Vista Company took a physical inventory on December 31 and determined that goods costing $236,000 were on hand. Not
included in the physical count were $29,500 of goods purchased from Pelzer Corporation, FOB, shipping point, and $25,960 of goods
sold to Alvarez Company for $35,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
What amount should Carla Vista report as its December 31 inventory?
Ending inventory
Save for Later
LA
eTextbook and Media
A
$
2
MAR
1
Attempts: 0 of 3 used
Submit Answer
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