As a result of a thorough physical inventory hastings

Reference no: EM13568173

As a result of a thorough physical inventory, Hastings Company determined that it had inventory worth $270,000 at December 31, 2010. This count did not take into consideration the following facts: Carlin Consignment store currently has goods worth $52,000 on its sales floor that belong to Hastings but are being sold on consignment by Carlin. The selling price of these goods is $75,000. Hastings purchased $20,000 of goods that were shipped on December 27. FOB destination, that will be received by Hastings on January 3. Determine the correct amount of inventory that Hastings should report.

Reference no: EM13568173

Questions Cloud

Bargain rental car offers rental cars in an off-airport : bargain rental car offers rental cars in an off-airport location near a major tourist destination in california.

One subunit of abba company had following financial results : complete and analyze a performace reportone subunit of abba company had following financial results last monthnbspnbsp

What are some of the reasons behind that and what : a hospital has been consistently performing below its peer group as far as total margin. what are some of the reasons

Development with reference to one policy or one component : analyse the process of health care policy.development with reference to one policy or one component of a policy within

As a result of a thorough physical inventory hastings : as a result of a thorough physical inventory hastings company determined that it had inventory worth 270000 at december

Julie stansfield has a bicycle rental shop with annual : julie stansfield has a bicycle rental shop with annual revenues of 200000. cash operating expenses for rent labor and

What is the journal entry pakuna should make on march 17 : pakuna corporation has issued and outstanding 100000 shares of its 1 par value common stock. this stock was issued at

In the course of a 1000-word paper students should : in the course of a 1000-word paper students should summarize the contemporary i.e. 1960s critical response to one of

Riko companys standard labour cost of producing one unit of : riko companys standard labour cost of producing one unit of product kk is 3.10 hours at the rate of 10.00 per hour.

User Account

All Pages