Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods c that date. The following items have not yet been recorded as purchases and sales as of Novembe 30. Number of units 550 No. Transaction Purchase Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination 2 Purchase 450 Purchase Sale 3 650 600 850 4 5 Sale All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019.
Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods c that date. The following items have not yet been recorded as purchases and sales as of Novembe 30. Number of units 550 No. Transaction Purchase Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination 2 Purchase 450 Purchase Sale 3 650 600 850 4 5 Sale All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 46
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Transcribed Image Text:How many units should be considered as inventory at the end of January 2019? *
Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods on
that date. The following items have not yet been recorded as purchases and sales as of November
30.
No.
Transaction
Number of units
Terms
FOB Shipping point
FOB Destination
FOB Buyer
FOB Shipping point
FOB Destination
Purchase
550
Purchase
Purchase
Sale
Sale
2
450
650
600
850
3
5
All items were shipped by the seller January 30, 2019 and received by buyer February 15,
2019.
O 22,550
O 21,900
O 22,500
O 22,000
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