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What amount should be reported as Inventory at year-end? 7. Alaska Company reported the following...

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Accounting

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What amount should be reported as Inventory at year-end? 7. Alaska Company reported the following current assets at year-end: Cash 23,000 Account receivable 44,000 Notes receivable, net of discounted note P53,000 300,000 40,000 Inventory Deferred charges 15,000 422.000 12,000 (2,000) Accounts receivable comprised the following: Trade accounts receivable Allowance for doubtful accounts Claim against shipper for goods lost in transit Selling price of Saudi Company's unsold goods sent to Alaska Company on consignment at 150% of cost and excluded from Saudi's ending Inventory 22,000 12,000 Your

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