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Business, 11.02.2021 17:50 kevinhernandez582

Sheffield Inc. took a physical inventory at the end of the year and determined that $845000 of goods were on hand. In addition, the following items were not included in the physical count. Sheffield, Inc. determined that $95500 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $39500 worth of inventory f. o.b. destination that did not reach the destination yet. What amount should Sheffield report as inventory at the end of the year

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Sheffield Inc. took a physical inventory at the end of the year and determined that $845000 of goods...
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