Sunland Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $24,840 of goods purchased from Pelzer Corporation, f. o.b. shipping point, and $21,960 of goods sold to Alvarez Company for $30,630, f. o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sunland report as its December 31 inventory

$246,800

Explanation:

Calculation to determine What amount should Sunland report as its December 31 inventory

Using this formula

Ending inventory = Inventory count as per physical count + Inventory in transit FOB Shipping point (Purchases) + Inventory in transit FOB destination (Sales)

Let plug in the formula

Ending inventory= $200,000 + $24,840+ $21,960

Ending inventory= $246,800

Therefore What amount should Sunland report as its December 31 inventory is $246,800

answer(b) partnership';

answerpounds of plastic to purchase 200+60-20=(240);