Question: Question 4 View Policies Current Attempt in Progress Nash's Trading Post, LLC took a physical inventory on December 31 and determined that goods costing $208,000

 Question 4 View Policies Current Attempt in Progress Nash's Trading Post,

Question 4 View Policies Current Attempt in Progress Nash's Trading Post, LLC took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Swifty Corporation, FOB, shipping point, and $23,500 of goods sold to Marigold Corp.for $30,000, FOB destination. Both the Swifty purchase and the Marigold sale were in transit at year-end. What amount should Nash report as its December 31 inventory? Ending Inventory S e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Sat, Mar 21, 2020, 3:07:19 PM (America/New York-04:00) Next > Question 4 View Policies Current Attempt in Progress Nash's Trading Post, LLC took a physical inventory on December 31 and determined that goods costing $208,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Swifty Corporation, FOB, shipping point, and $23,500 of goods sold to Marigold Corp.for $30,000, FOB destination. Both the Swifty purchase and the Marigold sale were in transit at year-end. What amount should Nash report as its December 31 inventory? Ending Inventory S e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Sat, Mar 21, 2020, 3:07:19 PM (America/New York-04:00) Next >

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