VallasInc. has the following inventory activities: Vallas sold $6,400 of inventory to a customer, FOB Shipping Point. This inventory is currently in transit Vallas owns $10,000 of inventory as a consignorwhich it has given to an agent to sell at a local convention. Vallas purchased $8,000 of inventory from its vendor, FOB Shipping Point. This inventory is currently in transit. What is the value of Vallasinventory on its balance sheet? $ 18,000 0. 6,400 $8,000

Answer rating: 100% (QA)

The value of Vallas Incs inventory on its balance sheet would be 8000 Explanation Inventory sold to ... View the full answer