Question
Bose co had goods on hand of $500,000 at December 31. In addition the following items were NOT INCLUDED in the physical count: - Goods
Bose co had goods on hand of $500,000 at December 31. In addition the following items were NOT INCLUDED in the physical count: - Goods costing $50,000 were purchased on December 29 with shipping terms of FOB Destination and received on January 3. - Goods costing $75,000 were sold for $140,000 on December 30, shipped FOB destination with delivery scheduled for January 4. The correct amount of inventory on Bose's December 3 balance sheet is
a.$625,000
b.$575,000
c.$550,000
d.$640,000
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A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management
Authors: Ushe Makambe
1st Edition
365951960X, 978-3659519604
