Current Attempt in Progress
Swifty Company just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in
a total inventory cost of $ In reviewing the details of the count and related inventory transactions, you have discovered the
following items had not been considered.
Swifty has sent inventory costing $ on consignment to Alissa Company. All of this inventory was at Alissa's showrooms
on December
The company did not include in the count inventory cost $ that was sold on December terms FOB shipping point.
The goods were in transit on December
The company did not include in the count inventory cost $ that was purchased with terms of FOB shipping point. The
goods were in transit on December
Compute the correct December inventory.
