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QS 5 - 1 ( Algo ) Inventory ownership LO C 1 Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's
QS Algo Inventory ownership LO C
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds that she has
units products in her basement, of which were damaged by water and cannot be sold.
units in her van, ready to deliver per a customer order, terms FOB destination.
units out on consignment to a friend who owns a retail store.
How many total units should Emma include in her company's periodend inventory?
tableUnits in Ending Inventory:,,Units stored in basement,unitsAdd:Less:units
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