A 88% Fri Nov 13 1:44:43 AM Excel File Edit View Insert Format Tools Data Window Help ... AutoSave OFF ASEO = Accounting_Principles_1-_Exam_3_Review Questions - sp 20.xls - Compatibility Mode a a Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments X Arial v 10 " 2 Wrap Text General 3-2- V 4 WS Pacic BI ar Ar Infart Format Delete Ideas Merge & Center v Y Y Conditional Format Cell Formatting as Table Styles Sort & Filter Find & Select A1 fx A A E E F H . L N o P Marcelle's Boutiques, which is located in lowa City, lowa, has identified the following items for possible inclusion in its December 31, 2019 year-end inventory. Please identify (answer "Yes") i Marcelle owns the inventory at year-end or does not own the inventory (answer "No") at year-end. a. Merchandise Marcelle's shipped to a customer FOB shipping point was picked up by the freight company on December 26, 2019, but had still not arrived at its destination as of December 31, 2019 2 3 b. Marcelle's has in its warehouse $30,500 of merchandise on consignment from Putnam Co. 4 c. Marcelle's has segregated $6,570 of merchandise ordered by one of its customers for shipment on January 3, 2020. d. Merchandise Marcelle's shipped FOB shipping point on December 31, 2019, was picked up by the freight company at 11:52 p.m. 5 e. Marcelle's has sent $78,000 of merchandise to various retailers on a consignment basis. f. Marcelle's has $18,750 of merchandise on hand, which was sold to customers earlier in the year, but which has been returned by customers to Marcelle's for various warranty repairs. g. On December 31, 2019, Marcelle's received $17,050 of merchandise that had been returned by customers because the _wrong merchandise had been shipped. The replacement order is to be shipped overnight on January 2, 2020. 10 11 12 19 14 15 16 17 18 19 20 21 22 23 24 25 Inventory Valuation Quest Journal Entries Quest Inventory Questions Gross Profit Quest Terms + 2