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Business, 12.08.2020 04:01 randenbrown1653
Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold to a customer with terms f. o.b. destination. The inventory reached the customer on January 5, 2020 Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. Explain whether the 2 inventory items mentioned should be included or excluded from Cameron Corp.βs inventory and why?
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Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold...
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