At December 31, 2022, Nash's Trading Post, LLC inventory records indicated a balance of $620000. Upon...

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At December 31, 2022, Nash's Trading Post, LLC inventory records indicated a balance of $620000. Upon further investigation it was determined that this amount included the following: • $106000 in inventory purchases made by Nash's shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd • $62000 in goods sold by Nash's with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. - $4000 of goods received on consignment from Mary Company What is Nash's's correct ending inventory balance at December 31, 2022? $448000 $510000 $514000 $616000 At December 31, 2022, Nash's Trading Post, LLC inventory records indicated a balance of $620000. Upon further investigation it was determined that this amount included the following: • $106000 in inventory purchases made by Nash's shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd • $62000 in goods sold by Nash's with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. - $4000 of goods received on consignment from Mary Company What is Nash's's correct ending inventory balance at December 31, 2022? $448000 $510000 $514000 $616000

Answer rating: 100% (QA)

AN8WER Correcl balance 510000 Particulars Amount Ending inventory befose adjuslmentls 6200... View the full answer