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What amount of consigned inventory be included in mark

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Problem 1: The following consignment transactions were recorded by Mark Corporation during January, 2010. Inventory received on consignment P45,000, 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. What amount of consigned inventory should be included in Mark's January 31, 2010 balance sheet?

Reference no: EM132946472

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