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please help will rate The kwok Company's inventory balance on December 31, 2021. was $245.000 (based on a 12/312021 physical count before considering the following
please help will rate
The kwok Company's inventory balance on December 31, 2021. was $245.000 (based on a 12/312021 physical count before considering the following transactions 1. Goods shipped to Kwoktob destination on December 20, 2021 were received on January 4, 2022 The voice cost was $46,000. 2 Goods shipped to Kwok fob shipping point on December 28, 2021 were received on January 5, 2022. The invoice cost was $63.000 3. Goods shipped from Kwok to a customer to b destination on December 27 2021 were received by the customer on January 3, 2022 The sales price was $56.000 and the merchandise cost $38.000 4 Goods shipped from Kwok to a customer fob destination on December 26, P021 were received by the customer on December 30, 2021 The sales price was $36.000 and the merchandise cost $29,000 5 Goods shipped from Kwok to a customer fob shipping point on December 28, 2021 were received by the customer on January 4. 2022. The sales price was $41,000 and the merchandise cost $28,000 Required: Determine the correct inventory amount to be reported in Kwok's 2021 balance sheet Correct inventory balance Step by Step Solution
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