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Symington Corporation uses the periodic versory system. A1 December 31, 2011, the end of the company's fiscal year, a physical count of eventory revealed an
Symington Corporation uses the periodic versory system. A1 December 31, 2011, the end of the company's fiscal year, a physical count of eventory revealed an enang Intory Datance of $320,000. The following them were not included in the physical court $23,00 destination 12,000 Goods held on consignment at Murphy Corporation Merchandise shipped to a customer on 12/30/28xi f.6.b. (merchandise arrived at customer's location on 1/3/20X2) Merchandise shipped to a customer on 12/29/28X1 f.o.b. shipping point (merchandise arrived at customer's location on 1/2/20X2) Merchandise purchased from a supplier, shipped f.o.b. destination on 12/29/20x1, in transit at year-end 6,000 24,000 Symingtos 20xtending Inventory should be Murple Choice $120.000 3373000 0 0 0 0 O $350.000 $312.000
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