Business, 06.04.2021 04:40 onewaydemon

Arendelle Enterprises has inventory of $667,000 in its stores as of December 31. It also has two shipments in-transit that left the suppliers' warehouses by December 28. Both shipments are expected to arrive on January 5. The first shipment of $128,000 was sold f. o.b. destination and the second shipment of $80,000 was sold f. o.b. shipping point. What amount of inventory should Arendelle report on its balance sheet as of December 31

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Arendelle Enterprises has inventory of $667,000 in its stores as of December 31. It also has two shi...