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Valuation of Inventory Purchased goods in transit, under terms FOB shipping point, invoice price $ 4 , 0 0 0 , freight costs $ 2
Valuation of Inventory
Purchased goods in transit, under terms FOB shipping point, invoice price $ freight costs $
Goods out on consignment to Marlman Company, sales price $ cost of goods $ shipping costs $
Goods held on consignment by Reddall at a sales price of $ which included sales commission of of sales price.
Purchased goods in transit, shipped FOB destination, invoice price $ which included freight charges of $
Required:
Determine the cost of the ending inventory that Reddall should report on its December balance sheet.
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