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The unadjusted inventory balance of Ann Corp. is $ 8 5 0 , 0 0 0 on December 3 1 based on a physical inventory
The unadjusted inventory balance of Ann Corp. is $ on December based on a physical inventory count. The following items must be considered before the inventory valuation is finalized. a On December the physical inventory excluded $ of merchandise inventory shipped to Ann Corp. from a vendor fob destination that arrived on January of the following year. b On December the physical inventory included $ of merchandise inventory held on consignment by a customer. Ann Corp. is the consignor. c On December the physical inventory included $ of merchandise held on consignment. The consignor is Anns largest vendor. d $ of intransit merchandise was shipped fob shipping point to a customer and was excluded from the physical inventory count. The merchandise was shipped on December and is expected to arrive at the customer on December e Goods are in transit from a vendor to Ann on December The invoice cost was $ and the goods were shipped fob shipping point on December The merchandise was excluded from the physical inventory count because they had not been delivered. f Merchandise with a cost of $ is being held in the receiving department for return. The merchandise was excluded from the physical inventory count. Required Review items a through f and determine the adjusted inventory balance for yearend December Adjusted inventory balance on December :
The unadjusted inventory balance of Ann Corp. is $ on December based on a physical inventory count. The following items must be considered before the inventory valuation is finalized.
a On December the physical inventory excluded $ of merchandise inventory shipped to Ann Corp. from a vendor fob destination that arrived on January of the following year.
b On December the physical inventory included $ of merchandise inventory held on consignment by a customer. Ann Corp. is the consignor.
c On December the physical inventory included $ of merchandise held on consignment. The consignor is Anns largest vendor.
d $ of intransit merchandise was shipped fob shipping point to a customer and was excluded from the physical inventory count. The merchandise was shipped on December and is expected to arrive at the customer on December
e Goods are in transit from a vendor to Ann on December The invoice cost was $ and the goods were shipped fob shipping point on December The merchandise was excluded from the physical inventory count because they had not been delivered.
f Merchandise with a cost of $ is being held in the receiving department for return. The merchandise was excluded from the physical inventory count.
Required
Review items a through f and determine the adjusted inventory balance for yearend December
Adjusted inventory balance on December :
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