Business, 20.12.2019 06:31 bm42400

At december 31, 2019 abc company’s inventory records indicated a balance of $878,000. upon further investigation it was determined that this amount included the following: · $168,000 in inventory purchases made by howell shipped from the seller 12/27/19 terms fob destination, but not due to be received until january 2nd · $111,000 in goods sold by abc with terms fob destination on december 27th. the goods are not expected to reach their destination until january 6th. · $9,000 of goods received on consignment from westwood company what is abc’s correct ending inventory balance at december 31, 2019?

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At december 31, 2019 abc company’s inventory records indicated a balance of $878,000. upon further i...

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