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Business, 18.10.2019 17:20 Giabear23

Sheridan company took a physical inventory on december 31 and determined that goods costing $222,000 were on hand. not included in the physical count were $35,000 of goods purchased from windsor, inc., fob, shipping point, and $21,000 of goods sold to bonita industries for $32,000, fob destination. both the windsor purchase and the bonita sale were in transit at year-end. what amount should sheridan report as its december 31 inventory?

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Sheridan company took a physical inventory on december 31 and determined that goods costing $222,000...
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