why the answer is no effect of no.5 A education.wiley.come Wiley AssignmentsYou've completed all of the work in this assignment.Question 1 of 5>0/1Alou receivea gooas costing £24,400 on January 2. ne gooas were snippea FUB snipping point on Decemper 2o by GrantCo. The goods were not included in the physical count.3.4.Alou sold goods costing £35,400 to Emerick Co., FOB destination, on December 30. The goods were received at Emerick onJanuary 8. They were not included in Alous physical inventory.5.Alou received goods costing £44,600 on January 2 that were shipped FOB shipping point on December 29. The shipment wasa rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of £296,500.Determine the correct inventory amount on December 31.The correct inventory amount£311700eTextbook and MediaSolutionAssistance UsedEnding inventory-physical count£296,5001.No effect: Title passes to purchaser upon shipment when terms are FOB shipping point2.No effect: Title does not transfer to Alou until goods are received3.Add to inventory: Title passed to Alou when goods were shipped24,4004.Add to inventory: Title remains with Alou until purchaser receives goods35,4005.No effect: Title passes to purchaser upon shipment when terms are FOB shipping pointCorrect inventory£356,300Attempts: 3 of 3 used

Name: why the answer is no effect of no.5 A education.wiley.come Wiley Assig
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Description: why the answer is no effect of no.5 A education.wiley.come Wiley AssignmentsYou've completed all of the work in this assignment.Question 1 of 5>0/1Alou receivea gooas costing £24,400 on January 2. ne gooas were snippea FUB snipping point on Decemper