Part 2--

Multiple Choice Question 48 As a result of a thorough physical inventory, Bramble Company determined that it had inventory worth $321200 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47500 on its sales floor that belong to Bramble but are being sold on consignment by Walker. The selling price of these goods is $74200. Bramble purchased $22200 of goods that were shipped on December 27, FOB destination, that will be received by Bramble on January 3. Determine the correct amount of inventory that Bramble should report. $343400. $321200. $390900. $368700 Click if you would like to Show Work for this question: Open Show Work Roseanne Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.00 9,000 8.20 November 8 6,000 7.25 Purchases: June 18 A physical inventory on December 31 shows 5,000 units on hand. Under the FIFO method, the December 31 inventory is $40,725 $45,000 $36,250 $41,000 Click if you would like to Show Work for this question: Open Show Work