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in transit. The company also consigns goods and has 5,600 units at a consignee's location. How many units should Sandoval include in its year-end inventory? Multiple Choice

in transit. The company also consigns goods and has 5,600 units at a consignee's location. How many units should Sandoval include in its year-end inventory? Multiple Choice

FINANCIAL ACCOUNTING
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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Sandoval needs to determine its year-end inventory. The warehouse contains 36,000 units, of which 4,600 were damaged by flood and are not sellable. Another 3,600 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 5,600 units at a consignee's location. How many units should Sandoval include in its year-end inventory? Multiple Choice 33,400 40,600 45,200 49,800 37,000
Transcribed Image Text:Sandoval needs to determine its year-end inventory. The warehouse contains 36,000 units, of which 4,600 were damaged by flood and are not sellable. Another 3,600 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 5,600 units at a consignee's location. How many units should Sandoval include in its year-end inventory? Multiple Choice 33,400 40,600 45,200 49,800 37,000
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