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Hello and Happy Holidays I am looking for someone who is able to tell be the Revised Ending Inventory Valuation is questions are in attachments
Hello and Happy Holidays I am looking for someone who is able to tell be the Revised Ending Inventory Valuation is questions are in attachments please let me know if more information is needed. thank you
For each of the below transactions, specify whether the item should be included in ending inventory, and if so, at what amount. Pharoah Company shipped $870 of inventory on consignment to Cullumber Company on February 20. By February 28, Cullumber Company had sold $335 of this inventory for 1. Pharoah. Include $335 2. On February 28, Pharoah was holding merchandise that had been sold to a customer on February 25 but needed some minor alterations. The customer has paid for the goods and will pick them up on March 3 after the alterations are complete. This inventory cost $480 and was sold for $880. In Pharoah's warehouse on February 28 is $380 of inventory that Craft Producers shipped to 3. Pharoah on consignment. 4. On February 27, Pharoah shipped goods costing $940 to a customer and charged the customer $1,320. The goods Exclude Exclude Exclude 4. On February 27, Pharoah shipped goods costing $940 to a customer and charged the customer $1,320. The goods were shipped FOB destination and the receiving report indicates that the customer received the goods on March 3. 5. On February 26, Teulon Company shipped goods to Pharoah, FOB shipping point. The invoice price was $390 plus $30 for freight. The receiving report indicates that the goods were received by Pharoah on March 2. Pharoah had $600 of inventory put aside in the warehouse. The inventory is for a customer who has asked that the goods be 6. shipped on March 10. On February 26, Pharoah issued a purchase order to acquire goods costing $735. The goods were shipped FOB destination. The receiving report indicates that Pharoah received the goods 7. on March 2. Exclude Include $600 Exclude 8. On February 26, Pharoah The receiving report indicates that Pharoah received the goods 7. on March 2. Exclude 8. On February 26, Pharoah shipped goods to a customer, FOB shipping point. The invoice price was $350 plus $25 for freight. The cost of the items was $290. The receiving report indicates that the goods were received by the customer on March 4. Exclude e Textbook and Media Solution Attempts: 1 of 1 used Question Part Score 5.04/8 (b) What is the revised ending inventory valuation? Revised ending inventory valuation $ Save for Later
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