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Send to Gradebook Question 1 View Policies Current Attempt In Progress Stallman Company took a physical inventory on December 31 and determined that goods costing

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Send to Gradebook Question 1 View Policies Current Attempt In Progress Stallman Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer Corporation, FOB, shipping point and $22.000 of goods sold to Alvarez Company for $30,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transitat year-end. What amount should Stallman report as its December 31 inventory? Ending Inventory e Textbook and Media Attempts: unlimited Save for Later Submit Answer Send to Gradebook

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