The management of Bartleby Graduate Co. has engaged you to assist in the preparation of year-end (December 31) financial statements. You are told that on November 30, the correct inventory level was 145,730 units. During the month of December, sales totaled 138,630 units including 40,000 units shipped on consignment to Course Hero Certification Corp. A letter received from Course Hero indicates that as of December 31, it has sold 11,000 units and was still trying to sell the remainder. A review of the December purchase orders to various suppliers shows the following. Bartleby Graduate Co. uses the "passing of legal title" for inventory recognition. Invoice Date Date Received Terms Purchase Order Date 12/31/20 Quantity in Units Date Shipped 01/02/21 01/02/21 01/02/21 12/17/20 01/05/21 12/22/20 4,200 FOB Destination 12/05/20 3,600 FOB Destination 12/06/20 12/18/20 12/22/20 01/03/21 12/20/20 01/05/21 01/05/21 12/29/20 01/04/21 01/05/21 01/07/21 01/02/21 01/06/21 FOB Shipping Point FOB Shipping Point 7,900 8,000 4,600 FOB Destination 12/27/20 01/07/21 3,500 01/07/21 FOB Destination How many units should be included in Bartleby Graduate Co.'s inventory at December 31, 2020? * A. 18,700 units B. 39,900 units C. 43,500 units D. 47,700 units

Name: The management of Bartleby Graduate Co. has engaged you to assist in
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: The management of Bartleby Graduate Co. has engaged you to assist in the preparation of year-end(December 31) financial statements. You are told that on November 30, the correct inventory level was145,730 units. During the month of December, sales t