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Please tell me if the item should be included or excluded from ending inventory at December 31, 2019 for Company ABC yeah you know me
Please tell me if the item should be included or excluded from ending inventory at December 31, 2019 for Company ABC yeah you know me Inc. Use the drop downs Goods in transit. The items were sold to Madison Company by ABC Inc. and shipped on December 30 with terms F.O.B shipping but did not arrive to Madison Company until January 1, 2020. EXCLUDED FROM ABC's INVENTORY use the drop down boxes to enter your answer 2 Goods in the warehouse of ABC company that they own. INCLUDED IN ABC'S INVENTORY use the drop down boxes to enter your answer 3 Goods in the store of ABC company on consignment from Juan Inc. use the drop down boxes to enter your answer use the drop down boxes to enter your answer 4 Goods in transit. The items were purchased by ABC Inc. from Travis Inc and shipped on December 28 with terms F.O.B destination but did not arrive to ABC company until January 2, 2020. use the drop down boxes to enter your answer 5 Goods in transit. The items were sold to Justin Company by ABC Inc. and shipped on December 30 with terms F.O.B destination but did not arrive to Justin Company until January 1, 2020
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