Question 46Choose the correct answer from the choices. 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 onthat date. The following items have not yet been recorded as purchases and sales as of November30.No.TransactionNumber of unitsTermsFOB Shipping pointFOB DestinationFOB BuyerFOB Shipping pointFOB DestinationPurchase550PurchasePurchaseSaleSale245065060085035All items were shipped by the seller January 30, 2019 and received by buyer February 15,2019.O 22,550O 21,900O 22,500O 22,000

Under FOB Destination, the title of goods is transferred from seller to buyer only upon delivery of…

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.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 2PEA: Beginning inventory, purchases, and sales for Item ProX2 are as follows: Assuming a perpetual...

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