PROBLEM 13 Suzie, Inc. had 10,200 units on April 30, 2021, based on physical count of goods on that date. The following items have not yet been recorded as purchases and sales as of April 30. No. 1 2 3 Transaction Purchase Purchase Sale Sale Terms FOB shipping point FOB destination FOB shipping point FOB destination Number of units 250 300 650 Explain the units sold considering the invnetory end of April 2021 500 Items 1-4 were shipped by the seller April 30, 2021 and received by the buyer May 5, 2021.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PROBLEM 13
Suzie, Inc. had 10,200 units on April 30, 2021, based on physical count of goods on that date. The following
items have not yet been recorded as purchases and sales as of April 30.
No.
1
2
3
Transaction
Purchase
Purchase
Sale
Sale
Terms
FOB shipping point
FOB destination
FOB shipping point
FOB destination
Number
of units
250
300
650
500
Items 1-4 were shipped by the seller April 30, 2021 and received by the buyer May 5, 2021.
Explain the units sold considering the invnetory end of April 2021
Transcribed Image Text:PROBLEM 13 Suzie, Inc. had 10,200 units on April 30, 2021, based on physical count of goods on that date. The following items have not yet been recorded as purchases and sales as of April 30. No. 1 2 3 Transaction Purchase Purchase Sale Sale Terms FOB shipping point FOB destination FOB shipping point FOB destination Number of units 250 300 650 500 Items 1-4 were shipped by the seller April 30, 2021 and received by the buyer May 5, 2021. Explain the units sold considering the invnetory end of April 2021
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