Answer:
Marigold should report an inventory amount of $265,000.
Explanation:
The term FOB (Free On Board) describes at what point the ownership of goods is transferred from the seller to the buyer. In case of FOB shipping point, the ownership of the goods is transferred to the buyer once the goods are shipped for transit. In case of FOB destination, the ownership of the goods is transferred to the buyer once the goods are received by the buyer.
Therefore, the goods in transit <em>purchased </em>by Marigold on FOB shipping point basis should be added to its inventory. The goods in transit <em>sold </em>by Marigold on FOB destination are also currently owned by Marigold so they shall also be added to its inventory.
The inventory amount to be reported by Marigold is computed as follows.
Physical inventory in hand $209,500
Add: Purchases on FOB shipping point basis $28,000
Add: Cost of goods sold on FOB destination basis $27,500
Inventory amount to be reported $265,000
Answer: 23
Step-by-step explanation:
Answer:
a.
Step-by-step explanation:
a= y-k/ (x-h)^2
<h2>
Make me a brain list</h2>
X is equal to 28 and Y is equal to 23
Answer:
jimmy got 30,000
Step-by-step explanation:
10,000
the wife got 60% = 60,000
jimmy got 3x prince = 30,000
prince = 10,000
