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Business, 07.08.2021 04:50 mariposa91

Sunland Inc. took a physical inventory at the end of the year and determined that $789000 of goods were on hand. In addition, Sunland, Inc. determined that $61500 of goods that were in transit that were shipped f. o.b. shipping point were actually received two days after the inventory count and that the company had $87500 of goods out on consignment. What amount should Sunland report as inventory at the end of the year

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