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Ostrovityanka [42]
1 year ago
11

Sunland Company took a physical inventory on December 31 and determined that goods costing $190,500 were on hand. Not included i

n the physical count were $29,000 of goods purchased from Bramble Corp., FOB, shipping point, and $22,000 of goods sold to Vaughn Manufacturing for $32,000, FOB destination. Both the Bramble purchase and the Vaughn sale were in transit at year-end.
What amount should Sunland report as its December 31 inventory?
Business
1 answer:
Sergio [31]1 year ago
8 0

Answer:

$241,500

Explanation:

Calculation for What amount should Sunland report as its December 31 inventory

December 31 inventory per physical count $190,500

Add Goods-in-transit purchased FOB shipping point $29,000

Add Goods-in-transit sold FOB destination $22,000

December 31 Inventory $241,500

($190,500 + $29,000 + $22,000 = $241,500)

Therefore What amount should Sunland report as its December 31 inventory is $241,500

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<em>A business leader should be aware that different countries have unique ethical expectations of businesses and must therefore </em><em>pay close attention to each country's sensitivity guidelines.</em>

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Which of the following is the most accurate statement regarding the federal budget?
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1 year ago
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leonid [27]

Answer:

1.Since there is spare capacity in the consumer division, the acceptable transfer prices are variable cost per unit - market price per unit

i.e. $104-$150

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3) check the attached file

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Explanation:

check attached files for explanation well detailed.

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