Sunland 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 $24,840 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,960 of goods sold to Alvarez Company for $30,630, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sunland report as its December 31 inventory? December 31 inventory $

Sunland Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not Inchuded tin the physicat count were $24,840 of goods purchased from Petzer Corporation, fo b. shipping polnt, and $21,960 of goods sold to Alvarez Company for $30,630, to.b. destination, Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sunland report as its December 31 imventory? December 31 inventory 5 Eive Compary uses a perpetual imentory wstem, its beginning imentory consists of 105 units that cost 571 each During fune, ( 1 ) the compary purchased 315 units at 571 each (2) returned 13 units for credit, and 137 sold 263 units at $105 each Ausume the number of units purchased lis the same as the number of units solit. vilies are autumaticaly indented when anount is entered Do not indebs manualy. (lat aif debit entries before credit antries)