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Nancy Tomason owns a small specialty store, named Tomason's Treasures, whose year-end is June 30. A physical inventory taken on June 30 reveals the following:
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User: Nancy Tomason owns a small specialty store, named Tomason's Treasures, whose year-end is June 30. A physical inventory taken on June 30 reveals the following:

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Expert answered|yhaine|Points 627|

User: Nancy Tomason owns a small specialty store, named Tomason's Treasures, whose year-end is June 30. A physical inventory taken on June 30 reveals the following: Cost of merchandise on the showroom floor and in the warehouse $38,500 Goods held on consignment (consignor is National Manufacturer) 6,400 Goods that Tomason's Treasures, as the consignor, has for sale at the location of the Grand Avenue Vista 4,600 Sales invoices indicate that merchandise was shipped on June 29, terms FOB shipping point, delivered at buyer's receiving dock on July 3 3,800 Sales invoices indicate that merchandise was shipped on June 25, terms FOB destination, delivered at buyer's receiving dock on July 5 3,100 Determine the total amount that should be included in Tomason's Treasures's year-end inventory.

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Asked 7/24/2013 12:04:43 AM
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