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Basil took a physical count of inventory at the end of the year and determined that $780,000 of goods were on hand. In addition, and
Basil took a physical count of inventory at the end of the year and determined that $780,000 of goods were on hand. In addition, and not included in the $780,000 there were $60,000 of goods that were in transit and were shipped FOB shipping point and were actually received two days after the physical count. How much is ending inventory?
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