Business, 07.11.2021 14:00 marivi3cazares

As a result of a thorough physical inventory, Vaughn Company determined that it had inventory worth $ 319900 at December 31, 2020. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $ 47200 on its sales floor that belong to Vaughn but are being sold on consignment by Herschel. The selling price of these goods is $ 75500. Vaughn purchased $ 21700 of goods that were shipped on December 27, FOB destination, that will be received by Vaughn on January 3. Determine the correct amount of inventory that Vaughn should report.

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As a result of a thorough physical inventory, Vaughn Company determined that it had inventory worth...