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At the end of the period, a physical inventory count of ALL goods in the warehouse showed that Mendon Company had $ 6 5 ,
At the end of the period, a physical inventory count of ALL goods in the warehouse showed that Mendon Company had $ of goods on hand. Mendon had $ of goods out on consignment with a customer Mendon is the consignor and $ of goods in its warehouse on consignment from a vendor Mendon is the consignee Mendon had a purchase order Mendon is the buyer for $ of inventory FOB destination that was still in transit. Finally, Mendon had sold $ of inventory FOB destination that was also still in transit. What is the correct amount of ending inventory that Mendon should record on its books?
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