Business, 01.11.2019 03:31 jackieespi1461

At december 31, 2017, sunrise company’s inventory records indicated a balance of $752,000. upon further investigation it was determined that this amount included the following: • $112,000 in inventory purchases made by sunrise shipped from the seller december 27, 2016 terms fob destination, but not due to be received until january 2, 2017 • $74,000 in goods sold by sunrise with terms fob destination on december 27. the goods are not expected to reach their destination until january 6, 2017 • $6,000 of goods received on consignment from wallwood company what is sunrise’s correct ending inventory balance at december 31, 2017? a. $640,000 b. $634,000 c. $560,000 d. $746,000

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At december 31, 2017, sunrise company’s inventory records indicated a balance of $752,000. upon furt...

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