Reference no: EM132789444
Information on CC Co.'s December 31, 2020 inventory is shown below:
Product A Product B Product C
Purchase Price 100,000 250,000 300,000
Freight in 12,000 30,000 36,000
Selling price 210,000 300,000 570,000
Freight out 10,500 75,000 11,400
Problem 1: What amount of inventory should be reported in December 31, 2020 balance sheet?
Group of answer choices
A. 983,100
B. 938,100
C. 763,000
D. 673,000