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RL Enterprises sells gadgets. At the end of the period, RL has $13,600 worth of gadgets in its warehouse. It also has several items that
RL Enterprises sells gadgets. At the end of the period, RL has $13,600 worth of gadgets in its warehouse. It also has several items that were not included in the count. Goods in transit at the end of the period: $6,500 in gadgets purchased and shipped FOB shipping point from a supplier and $4,800 gadgets sold and shipped FOB destination to a customer. The company is also holding $9,000 in gadgets on consignment for Chancellor Company. What is RLs total inventory?
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