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3. help me please!! 1. Goods shipped to Kwik fo.b, destination on December 20, 2024, were received on January 4,2025. The involice cost was $49,000.
3. help me please!!
1. Goods shipped to Kwik fo.b, destination on December 20, 2024, were received on January 4,2025. The involice cost was $49,000. 2. Goods shipped to Kwik fob. shipping point on December 28,2024 , were recelved on January 5,2025 . The invoice cost was $36,000. 3. Goods shipped from Kwik to a customer fo.b. destination on December 27, 2024, were received by the customer on January 3,2025 . The sales price was $59,000 and the inventory cost $41,000. 4. Goods shipped from Kwik to a customer fo.b. destination on December 26, 2024, were recelved by the customer on December 30,2024 . The sales price was $39,000 and the inventory cost $32,000. 5. Goods shipped from Kwik to a customer fo.b. shipping point on December 28, 2024, were recelved by the customer on January 4,2025 . The sales price was $44,000 and the inventory cost $31,000. Required: Determine the correct inventory amount to be reported in Kwik's 2024 balance sheet Step by Step Solution
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