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Business, 13.03.2022 06:50 britttttt03

Sunland Company took a physical inventory on December 31 and determined that goods costing $631,000 were on hand. Not included in the physical count were $9,000 of goods purchased from Blossom Corporation, f. o.b. shipping point, and $31,000 of goods sold to Ro-Ro Company for $37,000, f. o.b. destination. Both the Blossom purchase and the Ro-Ro sale were in transit at year-end. What amount should Sunland report as its December 31 inventory

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Sunland Company took a physical inventory on December 31 and determined that goods costing $631,000...

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