Question
The purchases journal of Ewan Enterprises shows the following invoices: Invoice Number Amount Invoice Date FOB Term Date Received DECEMBER 2021 251 P20,000 23-Dec
The purchases journal of Ewan Enterprises shows the following invoices: Invoice Number Amount Invoice Date FOB Term Date Received DECEMBER 2021 251 P20,000 23-Dec Destination 24-Dec 252 24,000 23-Dec Destination 29-Dec 253 16,000 26-Dec Shipping point 30-Dec 254 18,500 26-Dec Shipping point 5-Jan 255 27,000 2-Jan Destination 31-Dec 256 21,000 31-Dec Destination 4-Jan 257 2,000 27-Dec Shipping point 21-Dec 258 55,000 8-Jan Shipping point 2-Jan 259 12,000 22-Dec Destination 28-Dec 260 22,000 28-Dec Destination 27-Dec JANUARY 2022 261 P30,000 28-Dec Destination 4-Jan 262 24,000 29-Dec Destination 28-Dec 263 15,000 30-Dec Shipping point 31-Dec 264 6,000 2-Jan Shipping point 5-Jan 265 8,500 28-Dec Shipping point 4-Jan 266 19,000 30-Dec Destination 6-Jan 5. How much of these invoices must be reported as part of inventory?
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
