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What value must be included in ending inventory at december

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Question - Wood Inc.'s goods in transit on December 31 are as follows:

1. Sales of inventory worth $540 made FOB destination point

2. Sales of inventory worth $340 made FOB shipping point

3. Purchases of inventory worth $500 made FOB destination point

4. Purchases of inventory worth $310 made FOB shipping point

Required - What value must be included in ending inventory at December 31 due to the inventory in transit?

Reference no: EM133162266

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