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STALIN [3.7K]
3 years ago
8

Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold to a customer with terms f.

o.b. destination. The inventory reached the customer on January 5, 2020 Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. Explain whether the 2 inventory items mentioned should be included or excluded from Cameron Corp.’s inventory and why?
Business
2 answers:
7nadin3 [17]3 years ago
6 0

Answer:

They both have to be included in the inventory

nataly862011 [7]3 years ago
4 0
They both have included in the story
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