Stone Company had the following consignment transactions during December 2011:Inventory shipped on consignment to Beta Company 1,800,000Freight paid to by Stone90,000Inventory received on consignment from Alpha Company1,200,000Freight paid by Alpha50,000No Sales of consigned goods were made in December 2011. What amount should be included as consigned inventory on December 31, 2011?a. 1,200,000b. 1,250,000c. 1,800,000d. 1,890.000
Stone Company had the following consignment transactions during December 2011:Inventory shipped on consignment to Beta Company 1,800,000Freight paid to by Stone90,000Inventory received on consignment from Alpha Company1,200,000Freight paid by Alpha50,000No Sales of consigned goods were made in December 2011. What amount should be included as consigned inventory on December 31, 2011?a. 1,200,000b. 1,250,000c. 1,800,000d. 1,890.000
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
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 2MC: The following items were included in Venicio Corporations inventory account on December 31, 2019:...
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Stone Company had the following consignment transactions during December 2011:Inventory shipped on consignment to Beta Company
1,800,000Freight paid to by Stone90,000Inventory received on consignment from Alpha Company1,200,000Freight paid by Alpha50,000No Sales of consigned goods were made in December 2011. What amount should be included as consigned inventory on December 31, 2011?a. 1,200,000b. 1,250,000c. 1,800,000d. 1,890.000
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