Business, 17.08.2019 18:20 Dweath50

The mateo corporationâs inventory at december 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following: merchandise costing $30,000, shipped f. o.b. shipping point from a vendor on december 30, 2018, was received on january 5, 2019. merchandise costing $22,000, shipped f. o.b. destination from a vendor on december 28, 2018, was received on january 3, 2019. merchandise costing $38,000 was shipped to a customer f. o.b. destination on december 28, arrived at the customerâs location on january 6, 2019. merchandise costing $12,000 was being held on consignment by traynor company. what amount should mateo corporation report as inventory in its december 31, 2018, balance sheet?

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The mateo corporationâs inventory at december 31, 2018, was $325,000 based on a physical count price...