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15) Jill's Kites began operations on December 18th 2020 with an opening balance of $7,000 of inventory on hand. Beyond the opening balance, the following
15) Jill's Kites began operations on December 18th 2020 with an opening balance of $7,000 of inventory on hand. Beyond the opening balance, the following transactions are Jill's only transactions for 2020. Given the following information what is the value of Jill's inventory at the end of 2020? (6 points) 7,000 1.000 1. A $4,000 FOB destination shipment arrived and was unloaded into Jill's warehouse on 12/31/2020 2. A $2,100 FOB shipping point shipment left Jill's dock on 12/28/2020 and is expected to arrive at the buyer's location on 1/2/2021. *3. A $600 FOB shipping point shipment left a suppliers dock on 12/29/2020 and is expected to arrive at Jill's dock on 1/3/2021. 4. A $935 FOB destination shipment left a suppliers dock on 12/30/2020 and has not yet arrived at Jill's dock on 1/5/2021
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