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Lily Company just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in a total inventory cost
Lily Company just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $ In reviewing the details of the count and related inventory transactions, you have discovered the following items had not been considered.
Lily has sent inventory costing $ on consignment to Alissa Company. All of this inventory was at Alissa's showrooms on December
The company did not include in the count inventory cost $ that was sold on December terms FOB shipping point. The goods were in transit on December
The company did not include in the count inventory cost $ that was purchased with terms of for shipping point. The goods were in transit on December
Compute the correct December inventory.
Correct December inventory $
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