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Anika [276]
3 years ago
8

Bell Inc. took a physical inventory at the end of the year and determined that $780,000 of goods were on hand.

Business
1 answer:
alexandr402 [8]3 years ago
4 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Physical inventory at the end of the year and determined = $780,000 of goods were on hand

Shipped f.o.b. shipping point = $60,000

Goods out on consignment = $90,000

Bell report as inventory at the end of the year as follows:

= Physical inventory determined + Goods on consignment

= $780,000 + $90,000

= $870,000

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