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A physical inventory count of Garden Company has a $74,250 balance before considering the following: Consigned goods sent to and held by Madison Company: $13,225
A physical inventory count of Garden Company has a $74,250 balance before considering the following: Consigned goods sent to and held by Madison Company: $13,225 Inventory in transit sold FOB destination: $9,145 Inventory in transit purchased FOB destination: $2,810 F At what amount should inventory be listed on the balance sheet? O $83,395 O $74,250 O $99,430 O $96,620
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Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
7th Edition
0075615851, 978-0075615859
