Conducting a physical inventory, MaxMar determined that it had inventory worth $325,000 at December 31,...
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Accounting
Conducting a physical inventory, MaxMar determined that it had inventory worth $325,000 at December 31, 2019. This count did not take into consideration that MaxMar company is holding Consignment goods of $47,000 on its sales floor that belong to Saleh Khalf company. Determine the correct amount of inventory that MaxMar should report on 31, Dec
Select one:
a. $300,000.
b. $278,000.
c. $372,000.
d. $325,000.
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