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Theo Co. has the following items in transit as of December 31, 2022: $3526 of merchandise purchased FOB shipping point and $3501 of merchandise
Theo Co. has the following items in transit as of December 31, 2022: $3526 of merchandise purchased FOB shipping point and $3501 of merchandise sold FOB destination The company would include $ in it's Inventory balance as of December 2022 related to these two in-transit items.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
