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Business, 16.04.2020 22:39 chjfjyjh7026

Blue Company took a physical inventory on December 31 and determined that goods costing $190,900 were on hand. Not included in the physical count were $26,400 of goods purchased from Pelzer Corporation, f. o.b. shipping point, and $23,260 of goods sold to Alvarez Company for $29,460, f. o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Blue report as its December 31 inventory?

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Blue Company took a physical inventory on December 31 and determined that goods costing $190,900 wer...

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