Question: please help with this accounting problem! Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December
Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $29.000 of goods purchased from Sheffield Corp. FOB, shipping point, and $24,000 of goods sold to Wildhorse Co. for $33.000, FOB destination Both the Sheffield purchase and the Wildhorse sale were in transit at year-end. What amount should Tamarisk report as its December 31 inventory? Ending Inventory s e Textbook and Media Attempts: 0 of 3 used
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