Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

information was discovered: - On Doc 31, 2023, goodvin transit to customers, with terms FOe destination, amounted to 54,300 lexpected delimery dote wis jan.4, 202ak,

image text in transcribed
information was discovered: - On Doc 31, 2023, goodvin transit to customers, with terms FOe destination, amounted to 54,300 lexpected delimery dote wis jan.4, 202ak, Deraune the goods had been shipped they were excluded from the phomical imentory count - On Des, 31, 2023, goods in transit to customers, with terms FOe shipping point, amounted to 35,125. The gocds were not expected to be delivered unta tan. 11, 2024, and because the goods had been shipped, ther were excluded from the physical inventory count. - Goods from a supplier costing $3,100 were in transit with FedEx oe Dec.31,2023. The terms are EOB shippling point. 9 ecauso these goods had not armined, ther were excluded from the physical count. Calculate the cerrectimentory at year-end Dec 31.2023. $124,525$121,425$119,400$120,225 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions