Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds
units products in the basement, of which were damaged by water and cannot be sold.
units in the van, ready to deliver per a customer order, terms FOB destination.
units out on consignment to a friend who owns a retail store.
How many total units should Emma include in the company's periodend inventory?
tableUnits in Ending Inventory:,,Units stored in basement,unitsAdd:Units on consignment,Units in transit,Less:Damaged units,,Total units in periodend inventory,,
