James & Co. sells hand made rugs. At the end of an accounting period there were 300 rugs in the store. Ten of the rugs were damaged by moths and were now unsaleable. An order for 50 rugs, placed earlier in the month, was being transported to James & Co. FOB Shipping Point. Another 70 rugs were out on consignment at various craft stores. How many rugs would be included in ending inventory ?

Question 7 (1 point) James & Co. sells hand made rugs. At the end of an accounting period there were 300 rugs in the store. Ten of the rugs were damaged by moths and were now unsaleable. An order for 50 rugs, placed earlier in the month, was being transported to James & Co. FOB Shipping Point. Another 70 rugs were out on consignment at various craft stores. How many rugs would be included in ending inventory? 410 290 360 370 none of the above