Business, 24.03.2020 19:51 megankbrown

Coronado Inc. took a physical inventory at the end of the year and determined that $841000 of goods were on hand. In addition, the following items were not included in the physical count. Coronado, Inc. determined that $94500 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $41500 worth of inventory f. o.b. destination that did not reach the destination yet. What amount should Coronado report as inventory at the end of the year

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Coronado Inc. took a physical inventory at the end of the year and determined that $841000 of goods...