Marigold Inc. took a physical inventory at the end of the year and determined that...
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Accounting
Marigold Inc. took a physical inventory at the end of the year and determined that $ of goods were on hand. In addition, the following items were not included in the physical count. Marigold determined that $ of goods purchased were in transit. The goods were shipped fob de f fination and were received by the company three days after the inventory count. The company had also sold $ worth of inventory that was shipped fob destination and had not been received by the buyer as of yearend. What amount should Marigold report as inventory at the end of the year?
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