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Crane Inc. took a physical inventory at the end of the year and determined that $ 7 7 0 0 0 0 of goods were
Crane Inc. took a physical inventory at the end of the year and determined that $ of goods were on hand. In addition, Crane determined that $ of goods were in transit. The goods were shipped fob shipping point and were received two days after the inventory count. Crane also had $ of goods out on consignment. What amount should Crane report as inventory at the end of the year?
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