Question: thank you Current Attempt in Progress Your answer is incorrect. Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000

thank you

thank you Current Attempt in Progress Your answer
Current Attempt in Progress Your answer is incorrect. Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Tamarisk, Inc., FOB, shipping point, and $21,500 of goods sold to Sheffield Corp. for $32,000, FOB destination. Both the Tamarisk purchase and the Sheffield sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory? to Ending Inventory e Textbook and Media Save for Later Attempts: 5 of 10 used Submit

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