The records of a company provided the following information at December 31, 2001:Invoice mailed$70 ...
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The records of a company provided the following information at December 31, 2001:
Invoice mailed$70
Items purchased, FOB shipping point invoices mailed, items not yet en route 104 Items purchased, FOB destination, terms 5/10, n/30, received at warehouse 100 Items held on consignment from another company 50 Ending inventory 12/31/2001 (excluding above items) 80
Items en route to customers, f.o.b. destination
What December 31, 2001, inventory cost should the company report? Select one: A. $245 B. $224 C. $230 D. $404
The records of a company provided the following information at December 31, 2001:
Invoice mailed$70
Items en route to customers, f.o.b. destination
What December 31, 2001, inventory cost should the company report?
Invoice mailed$70
| Items purchased, FOB shipping point invoices mailed, items not yet en route | 104 |
| Items purchased, FOB destination, terms 5/10, n/30, received at warehouse | 100 |
| Items held on consignment from another company | 50 |
| Ending inventory 12/31/2001 (excluding above items) | 80 |
Items en route to customers, f.o.b. destination
What December 31, 2001, inventory cost should the company report?
Select one:
A. $245
B. $224
C. $230
D. $404
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