Question
MCSR Company provides the following data: Items counted in the warehouse 4,000,000 Items included in the count specifically segregated per sale contract 100,000 Items in
MCSR Company provides the following data: | |
Items counted in the warehouse | 4,000,000 |
Items included in the count specifically segregated per sale contract | 100,000 |
Items in receiving department, returned by customer, in good condition | 50,000 |
Items ordered and in the receiving department | 400,000 |
Items ordered, invoice received but goods not received. Freight is on account of seller | 300,000 |
Items shipped today, invoice mailed, FOB shipping point | 250,000 |
Items shipped today, invoice mailed, FOB destination | 150,000 |
Items currently being used for window display | 200,000 |
Items on counter for sale | 800,000 |
Items in receiving department, refused because of damage | 180,000 |
Items included in count, damage and unsalable | 50,000 |
Items in the shipping department | 250,000 |
What is the correct amount of inventory? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started