Business, 28.01.2020 02:31 ghjjn

Crane inc. took a physical inventory at the end of the year and determined that $834000 of goods were on hand. in addition, the following items were not included in the physical count. crane, inc. determined that $94000 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count). the company sold $41500 worth of inventory f. o.b. destination that did not reach the destination yet. what amount should crane report as inventory at the end of the year?

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Crane inc. took a physical inventory at the end of the year and determined that $834000 of goods wer...

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