View policies current attempt in progress metlock, inc. took a physical inventory on december 31 and determined that goods costing $230,000 were on hand. not included in the physical count were $32,000 of goods purchased from whispering winds corp., fob, shipping point, and $24,500 of goods sold to coronado industries for $32,000, fob destination. both the whispering winds purchase and the coronado sale were in transit at year-end. what amount should metlock report as its december 31 inventory? $ ending inventory etextbook and media attempts: 0 of 4 used save for later submit answer

The amount should Metlock report as its December 31 inventory is $286,500.

Explanation:

Ending inventory = Phusical count + goods purchased in transit FOB shipping + cost of goods sold in transit FOB destination

                              = 230000 + 32000+ 24500

                             = $286,500

Therefore, The amount should Metlock report as its December 31 inventory is $286,500.

you had 23.00$ because 28 - 5 = 23 then put it in dollar form

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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