6. Anderson Company's year-end inventory balance on December 31, 2023 is P1,650,000 based on physical count and before considering the following transactions: a. Goods shipped to Anderson f.o.b. destination on December 20, 2023, were received on January 4, 2024. The invoice cost is P300,000. b. Goods shipped to Anderson f.o.b. shipping point on December 28, 2023, were received on January 5, 2024. The invoice cost is P170,000. c. Goods shipped from Anderson to customer f.o.b. destination on December 27, 2023 received by the customer on January 3, 2024. The sale price is P400,000 and the cost is P220,000. d. Goods shipped from Anderson to a customer f.o.b. destination on December 26, 2023 were received by the customer on December 30, 2023. The sale price is P200,000 and the cost is P130,000. e. Goods shipped from Anderson to a customer f.o.b. shipping point on December 28, 2023 were received by the customer on January 4, 2024. The sale price is P250,000 and the cost is P120,000. What is the correct inventory balance on December 31, 2023? 2,170,000 2,160,000 2,290,000 O 2,040,000
6. Anderson Company's year-end inventory balance on December 31, 2023 is P1,650,000 based on physical count and before considering the following transactions: a. Goods shipped to Anderson f.o.b. destination on December 20, 2023, were received on January 4, 2024. The invoice cost is P300,000. b. Goods shipped to Anderson f.o.b. shipping point on December 28, 2023, were received on January 5, 2024. The invoice cost is P170,000. c. Goods shipped from Anderson to customer f.o.b. destination on December 27, 2023 received by the customer on January 3, 2024. The sale price is P400,000 and the cost is P220,000. d. Goods shipped from Anderson to a customer f.o.b. destination on December 26, 2023 were received by the customer on December 30, 2023. The sale price is P200,000 and the cost is P130,000. e. Goods shipped from Anderson to a customer f.o.b. shipping point on December 28, 2023 were received by the customer on January 4, 2024. The sale price is P250,000 and the cost is P120,000. What is the correct inventory balance on December 31, 2023? 2,170,000 2,160,000 2,290,000 O 2,040,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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