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How much is the total inventory on December

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Question - ABC Co. provided you the following information for the purpose of determining the amount of its inventory as of December 31, 20x1:

Goods located at the warehouse (physical count) 3,400,000

Goods located at the sales department (at cost) 15,800,000

Goods in-transit purchased FOB Destination 2,400,000

Goods in-transit purchased FOB Shipping Point 1,600,000

Freight incurred under "freight prepaid" for the goods purchased under FOB Shipping Point 80,000

Goods held on consignment from XYZ, Inc. 1,800,000

Required - How much is the total inventory on December 31, 20x1?

Reference no: EM132771629

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