Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. at year-end, barr company had shipped $14,200 o

1. At year-end, Barr Company had shipped $14,200 of merchandise FOB destination to Lee Company....

50.1K

Verified Solution

Question

Accounting

image
1. At year-end, Barr Company had shipped $14,200 of merchandise FOB destination to Lee Company. Which company should include the $14,200 of merchandise in transit as part of its year-end inventory? 2. Parris Company has shipped $21,700 of goods to Harlow Company, and Harlow Company has arranged to sell the goods for Parris. Identify the consignor and the consignee. Which company should include any unsold goods as part of its inventory? Complete this question by entering your answers in the tabs below. At year-end, Barr Company had shipped $14,200 of merchandise FOB destination to Lee Company. Which company should include the $14,200 of merchandise in transit as part of its year-end inventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

Can you show the calculations of how the sensors are working; 1-ACS712 (10A) current sensor. 2-UV radiation sensor. 3-DH22...

Physics
1.2K views

5 The magnetic flux through a stationary loop with resistance R varies during interval of...

Basic Math
1.2K views

The equation y = 664(1.031)t models the number of students in a certain state that...

Statistics
1.2K views

Sleep apnea is a condition in which the sufferers stop breathing momentarily while they are...

Algebra
1.2K views

Find a the mean b the deviation from the mean for each data item and...

Accounting
1.2K views

Muse Company uses the periodic inventory method and had the following inventory information...

Accounting
1.2K views

Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures...

Accounting
1.2K views

If a taxpayer has investment income that exceeds a certain threshold, they are not eligible...

Accounting
1.2K views

The data for the month-end adjustments of Silber Insurance Agency at January 31,2023, follow: ...

Accounting
1.2K views

Use Apple's financial statements in Appendix A to answer the following. Identify Apple's long-term debt...

Accounting
1.2K views

this was all the information given Nicole's Getaway Spa (NGS) continues to grow...

Accounting
1.2K views

can you help me with the adjusting entries #8, 10, 11, 12 and 15 please?...