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What amount should maria inventory account be reduced

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Reference no: EM132946470

Problem 1: The following items were included in Maria Company's inventory account on December 31,2019: Merchandise out on consignment (at sales price, including 30% mark up on selling price) 80,000, goods purchased still in transit, FOB shipping point 54,000, goods held on consignment by Maria 23,000, goods sent out for consignment by Diego 38,000. At what amount should Maria's inventory account be reduced on December 31,2019?

Reference no: EM132946470

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