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Assume that the total inventory on hand at the end of the year as determined by taking a physical Inventory is $63,000. Excluded from the

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Assume that the total inventory on hand at the end of the year as determined by taking a physical Inventory is $63,000. Excluded from the count were purchases of $6,000 in transit under FOB shipping point terms. What is the cost of Inventory reported on the balance sheet? . 56.000 b. 357.000 569.00 d. 535.000

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