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Business, 23.06.2021 03:50 jhick9279

Sunland Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $24,840 of goods purchased from Pelzer Corporation, f. o.b. shipping point, and $21,960 of goods sold to Alvarez Company for $30,630, f. o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sunland report as its December 31 inventory

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Sunland Company took a physical inventory on December 31 and determined that goods costing $200,000...
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