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What is the correct amount of nventory?

What is the correct amount of nventory?

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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What is the correct amount of 2 points inventory? 3. The following items were included in Bero's Inventory Account: Finished goods in factory P1,900,000 Finished goods in company-owned retail store, including a 50% profit on cost 375,000 Finished goods in hands of consignees including 40% profit on sales Finished goods in transit to customers, shipped FOB shipping point 200,000 130,000 150,000 Finished goods in transit to customers, shipped FOB destination Finished goods out on approval, at cost 100,000 Goods in Process 40,000 a. 2,765,000 b. 2,370,000 O c. 2,560,000 O d. 2,725,000
Transcribed Image Text:What is the correct amount of 2 points inventory? 3. The following items were included in Bero's Inventory Account: Finished goods in factory P1,900,000 Finished goods in company-owned retail store, including a 50% profit on cost 375,000 Finished goods in hands of consignees including 40% profit on sales Finished goods in transit to customers, shipped FOB shipping point 200,000 130,000 150,000 Finished goods in transit to customers, shipped FOB destination Finished goods out on approval, at cost 100,000 Goods in Process 40,000 a. 2,765,000 b. 2,370,000 O c. 2,560,000 O d. 2,725,000
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