As a result of a thorough physical inventory, Bramble Company determined that it had inventory of $144000 at December 31, 2025. This count did not take into consideration the following transactions: • Ayayai Consignment store currently has goods with a cost of $28000 on its sales floor that belong to Bramble but are being sold on consignment by Ayayai. The selling price of these goods is $40000. Bramble purchased $10400 of goods that were shipped on December 27, FOB destination, that will be received by Bramble on January 3. Determine the correct amount of inventory that Bramble should report. O $154400 O $172000 O $182400 O $184000

As a result of a thorough physical inventory, Bramble Company determined that it had inventory of $144000 at December 31, 2025. This count did not take into consideration the following transactions: • Ayayai Consignment store currently has goods with a cost of $28000 on its sales floor that belong to Bramble but are being sold on consignment by Ayayai. The selling price of these goods is $40000. Bramble purchased $10400 of goods that were shipped on December 27, FOB destination, that will be received by Bramble on January 3. Determine the correct amount of inventory that Bramble should report. O $154400 O $172000 O $182400 O $184000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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