Answer:
The correct answer to the following question is $405,000 .
Explanation:
Given information -
Mateo corporations inventory on 31, December 2018 - $325,000
Merchandise costing , shipped from a vendor on December 30, but was received on January 5, 2019 - $30,000
Merchandise costing, destination from a vendor on December 28, 2018, but was received on January 3, 2019 - $22,000 .
Merchandise costing, shipped to a customer on December 28, arrived at customers location on January 6, 2019 - $38,000
Merchandise costing, held on consignment by Traynor company - $12,000
Mateo corporations inventory as on 31 December 2018 -
$325,000 + $30,000 + $38,000 + $12,000
= $405,000
