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Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods c that date. The following items have not yet been recorded as purchases and sales as of Novembe 30. Number of units 550 No. Transaction Purchase Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination 2 Purchase 450 Purchase Sale 3 650 600 850 4 5 Sale All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019.

Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods c that date. The following items have not yet been recorded as purchases and sales as of Novembe 30. Number of units 550 No. Transaction Purchase Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination 2 Purchase 450 Purchase Sale 3 650 600 850 4 5 Sale All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 11RE: At the end of 2019, Manny Company recorded its ending inventory at 350,000 based on a physical...
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How many units should be considered as inventory at the end of January 2019? * Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods on that date. The following items have not yet been recorded as purchases and sales as of November 30. No. Transaction Number of units Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination Purchase 550 Purchase Purchase Sale Sale 2 450 650 600 850 3 5 All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019. O 22,550 O 21,900 O 22,500 O 22,000
Transcribed Image Text:How many units should be considered as inventory at the end of January 2019? * Hanabishi Company had 20,500 units on January 30, 2019, based on physical count of goods on that date. The following items have not yet been recorded as purchases and sales as of November 30. No. Transaction Number of units Terms FOB Shipping point FOB Destination FOB Buyer FOB Shipping point FOB Destination Purchase 550 Purchase Purchase Sale Sale 2 450 650 600 850 3 5 All items were shipped by the seller January 30, 2019 and received by buyer February 15, 2019. O 22,550 O 21,900 O 22,500 O 22,000
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