Question

Bell Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In Addition, the following items were not included in the physical count. Bell, Inc. determined that $96,000 of goods Be Purchased where 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 $40,000 worth of inventory f.o.b. shipping point. What amount should Be Reported as inventory at the end of the year

Answer 1

Answer:

Explanation:

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