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The following items were included in Young&Crazy Corporation's inventory account on December 31, 2010: Merchandise out on consignment, at sales price, $14,000 including 40% markup

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The following items were included in Young&Crazy Corporation's inventory account on December 31, 2010: Merchandise out on consignment, at sales price, $14,000 including 40% markup on selling price Goods purchased, in transit, shipped F. O. B. shipping point Goods held on consignment by Young&Crazy 12,000 9,000 Young&Crazy's inventory account at December 31, 2010 should be reduced by $ 35,000 $ 23,000 $ 17,400 $ 14,600

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