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telo118 [61]
3 years ago
5

Sandoval needs to determine its year-end inventory. The warehouse contains 20,000 units, of which 3,000 were damaged by flood an

d are not sellable. Another 2,000 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 4,000 units at a consignee's location. How many units should Sandoval include in its year-end inventory?
A. 29,000
B. 21,000
C. 23,000
D. 19,000
E. 26,000
Business
1 answer:
docker41 [41]3 years ago
3 0

Answer:

C. 23,000

Explanation:

Inventory currently as the warehouse $20,000: less damaged stocks $3000.00

= $20,000.00-$3,000= $ 17,000.00

Add inventory not in the warehouse: i.e., Consignee and transits goods

=$2000 + $ 4000= $6000

Total year end inventory =  $17000+$ 6000

     =$23,000.00

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