A master carver of wooden birds operates her business out of a garage. At the end of the current period,the carver has 17 units (carvings) in her garage, 3 of which were damaged by water and cannot be sold.She also has another 5 units in her truck, ready to deliver per a customer order, terms FOB destination,and another 11 units out on consignment at retail stores. How many units does she include in the business’speriod-end inventory?
A master carver of wooden birds operates her business out of a garage. At the end of the current period,the carver has 17 units (carvings) in her garage, 3 of which were damaged by water and cannot be sold.She also has another 5 units in her truck, ready to deliver per a customer order, terms FOB destination,and another 11 units out on consignment at retail stores. How many units does she include in the business’speriod-end inventory?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A master carver of wooden birds operates her business out of a garage. At the end of the current period,
the carver has 17 units (carvings) in her garage, 3 of which were damaged by water and cannot be sold.
She also has another 5 units in her truck, ready to deliver per a customer order, terms FOB destination,
and another 11 units out on consignment at retail stores. How many units does she include in the business’s
period-end inventory?
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