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the martin grove Co counted and value its inventory at ear end, and found 55,865...

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Accounting

the martin grove Co counted and value its inventory at ear end, and found 55,865 worth.However their accounting system showed that there were two purchases that had not yet arrived. one had been shipped FOB destination for 7,155 and the other had been shipped FOB shipping point for 5,470In addition two sales made on the last day of the year would not have reached the customers.oNE, FOR 2,780 WAS SHIPPED fob destination, and the other one for 6,155 was shipped FOB shipping point.

What is the correct value of the company inventory

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