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Precision Castparts shipped consignment inventory of $250,000 to Boeing Company on December 1, 2024. Boeing agrees to sell the inventory for a 10% sales
Precision Castparts shipped consignment inventory of $250,000 to Boeing Company on December 1, 2024. Boeing agrees to sell the inventory for a 10% sales commission, while Precision Castparts maintains title and control over pricing. By the end of the year, $70,000 of the inventory has been sold by Boeing to customers for $80,000 Please answer: how much of this inventory, if any, would Precision Castparts include in ending inventory in its December 31, 2024. balance sheet? Ending inventory
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