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Business, 22.10.2019 19:00 dorothylankford3823

Coronado industries took a physical inventory on december 31 and determined that goods costing $180,500 were on hand. not included in the physical count were $27,000 of goods purchased from sunland company, fob, shipping point, and $20,000 of goods sold to bramble corp. for $32,000, fob destination. both the sunland purchase and the bramble sale were in transit at year-end. what amount should coronado report as its december 31 inventory?

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