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Kale Co. had the following consignment transactions during March 2020. Transaction Amount Inventory on consignment to Rad Co. $18,000 Freight paid by Kale Co. 900
Kale Co. had the following consignment transactions during March 2020. Transaction Amount Inventory on consignment to Rad Co. $18,000 Freight paid by Kale Co. 900 Inventory held on consignment from Star Co. 12,000 Freight paid by Star Co. 500 No sales of consigned goods were made through March 2020. Kales March 31, 2020, balance sheet should include consigned inventory for the following amount. Select one: a. $12,500 b. $18,000 c. $18,900 d. $12,000
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