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4 of 19 View Policies Current Attempt in Progress -/3 Skysong, Inc. just took its physical inventory on December 31. The count of inventory items
4 of 19 View Policies Current Attempt in Progress -/3 Skysong, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $310,400. In reviewing the details of the count and related inventory transactions, you have discovered the following items that had not been considered. 1. 2. 3. Skysong has sent inventory costing $30,710 on consignment to Richfield Company. All of this inventory was at Richfield's showrooms on December 31. The company did not include in the count inventory (cost, $21,160) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31. The company did not include in the count inventory (cost, $13,890) that was purchased with terms of FOB shipping point. The goods were in transit on December 31. !!! Compute the correct December 31 inventory. Correct December 31 inventory $ eTextbook and Media List of Accounts
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