Question: T system Announcements (1 Unread) CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 8-3 Pearl Company took a physical inventory on December 31 and determined that

 T system Announcements (1 Unread) CALCULATOR PRINTER VERSION BACK NEXT Brief

T system Announcements (1 Unread) CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 8-3 Pearl Company took a physical inventory on December 31 and determined that goods costing $191,500 were on hand. Not included in the physical count were $24,510 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,620 of goods sold to Alvarez Company for $29,090, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Pearl report as its December 31 inventory? December 31 inventory LINK TO TEXT SUBNIT ANSWER Question Attempts: 0 of 3 usedSAVE FOR LATER 6K

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