How much consigned inventory should be included in remy

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Problem 1: The following consignment transactions were recorded by Remy Company during January, 2011. Inventory received on consignment $45,000, Freight paid by consignor $4,500, Inventory shipped out for consignment $57,000, Freight paid by consignor $5,200. No sales of consigned goods were made during this month. How much consigned inventory should be included in Remy's January 31, 2011 balance sheet?

Reference no: EM132945414

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