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Determining Merchandise to Be Included or Excluded from Ending Inventory a....

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Accounting

Determining Merchandise to Be Included or Excluded from Ending Inventory
a. On December 31, the physical inventory excluded $400 of merchandise inventory set aside for expected shipment to a customer.
b. On December 31, the physical inventory excluded $1,600 of merchandise inventory out on consignment in a customer's showroom.
c. On December 31, the physical inventory excluded $1,280 of merchandise held on consignment.
to the customer on December 31.
not included in the physical inventory count.
Required
Review items a through f and determine the adjusted inventory balance for year-end December 31.
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