Question
Goods held on consignment at Murphy Corporation $ 23,000 Merchandise shipped to a customer on 12/30/2024 free on board destination (merchandise arrived at customer's location
Goods held on consignment at Murphy Corporation $ 23,000
Merchandise shipped to a customer on 12/30/2024 free on board destination (merchandise arrived at customer's location on 1/3/2025) 12,000
Merchandise shipped to a customer on 12/29/2024 free on board shipping point (merchandise arrived at customer's location on 1/2/2025)
6,000 Merchandise purchased from a supplier, shipped free on board destination on 12/29/2024, in transit at year-end 24,000
Symington's 2024 ending inventory should be
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ISE Fundamental Managerial Accounting Concepts
Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Philip R. Olds
10th Edition
1265045925, 9781265045920
