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The Constance Corporation s inventory on December 3 1 , 2 0 2 4 , was $ 1 2 6 , 0 0 0 (
The Constance Corporations inventory on December was $at cost based on a physical count of inventory on hand, before any necessary adjustment for the following:
Inventory costing $ shipped fob shipping point from a vendor on December was received by Constance on January
Inventory costing $ was shipped to a customer fob shipping point on December arrived at the customers location on January
Inventory costing $ was being held on hand for Jess Company on consignment.
Estimated sales returns are of annual sales. Sales revenue was $ with a gross profit ratio of
What amount should Constance Corporation report as inventory in its December balance sheet?
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