Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finns house. At the end

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Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Emma looks over her inventory and finds that she has the following.

  • 1,300 units (products) in her basement, 20 of which were damaged by water and cannot be sold.
  • 350 units in her van, ready to deliver per a customer order, terms FOB destination.
  • 80 units out on consignment to a friend who owns a retail store.

How many total units should Emma include in her company’s periodend inventory?

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