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Based on a physical count of inventory in its warehouse at yearend, Dec. Best Buy planned to report inventory of $ During the audit, the fo On Dec. goods in transit to customers, with terms FOB destination, amounted to $expected delivery date was Jan. Because the goc physical inventory count.
On Dec. goods in transit to customers, with terms FOB shipping point, amounted to $ The goods were not expected to be delivered until Jan they were excluded from the physical inventory count.
Goods from a supplier costing $ were in transit with FedEx on Dec. The terms are FOB shipping point. Because these goods had not arrived, Calculate the correct inventory at yearend Dec.
Select one:
a $
b $
c $
d None of these are correct.
e $
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