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48. will upvote A company's inventory on December 31,2024 , was $338,000 based on a physical count priced at cost, and before any necessary adjustment
48. will upvote
A company's inventory on December 31,2024 , was $338,000 based on a physical count priced at cost, and before any necessary adjustment for the following: - Inventory costing $43,000, shipped f.o.b. shipping point from a vendor on December 30,2024 , was received on January 5, 2025. - Inventory costing $35,000, shipped f.o.b. destination from a vendor on December 28,2024 , was received on January 3,2025. - Inventory costing $51,000 was shipped to a customer f.o.b. destination on December 28 , arrived at the customer's location on January 6, 2025. - Inventory costing $25,000 was being held on consignment by Traynor Company. What amount should the company report as inventory in its. December 31,2024 , balance sheet? Multiple Choice $338,000 $457,000 $492,000 $406,000Step by Step Solution
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