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Heli Sovet On December 31 of the current year, Plunkett Company reported on ending inventory balance of $210.500. The following additional information is also available:
Heli Sovet On December 31 of the current year, Plunkett Company reported on ending inventory balance of $210.500. The following additional information is also available: - . Plunkett sold and shipped goods costing $38,900 to Savannah Enterprises on December 28 wir shipping terms otros shipping point. The goods were not included in the ending inventory amount of $219,500 Plunkett purchased goods costing $44,900 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31 These goods were included in the ending inventory balance of $219,500 Plunkett's ending inventory balance of $219,500 included $15.900 of goods being held on consignment from Carole Company (Plunkett Company is the consignee.) Plunkett's ending inventory balance of $219,500 did not include goods costing $95.900 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end Based on the above information, the amount that Plunkett should report in ending inventory on December 311s. Multiple Choice $158,700 Next 5158,700 5197,600 $174,600 $213,500 $203,600 Next >
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