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Chapter 6 Problems: Set B P6-1B Weber Limited is trying to determine the value of its ending inventory at February 28, 2022, the company's year-end.
Chapter 6 Problems: Set B P6-1B Weber Limited is trying to determine the value of its ending inventory at February 28, 2022, the company's year-end. The accountant counted everything that was in the warehouse as of February 28, which resulted in an ending inventory valuation of $48,000. However, she needed help in determining how to handle the following items. (a) On February 26, Weber shipped to a customer goods costing $800. The goods were shipped FOB shipping point, and the receiving report indicates that the customer recelved the goods on March 2. (b) On February 26, Gretel Inc. shipped goods to Weber FOB destination. The invoice price was $350. The receiving report indicates that the goods were received by Weber
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