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What amount of consigned inventory should be included

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Reference no: EM133140284

Question - EMILY Company had the following consignment transactions during December 2010.

Inventory shipped on consignment to A Company P36,000

Freight paid by Anakpawis 1,800

Inventory received on consignment to B Company 24,000

Freight paid by B 1.000

No sales of consigned goods were made through December 31, 2010.

Required - What amount of consigned inventory should be included in Emily' December 31, 2010 balance sheet?

Reference no: EM133140284

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