Solution-Which company should include any unsold goods

Which company should include any unsold goods

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Reference no: EM13905153

1. Harris Company has shipped $ 20,000 of goods to Harlow Co., and Harlow Co. has arranged to sell the goods for Harris. Identify the consignor and the consignee. Which company should include any unsold goods as part of its inventory?

2. At year end, Harris Co. had shipped $ 12,500 of merchandise FOB destination to Harlow Co. Which company should include the $ 12,500 of merchandise in transit as part of its year end inventory?

Reference no: EM13905153

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Which company should include any unsold goods

Reference no: EM13905153

Reference no: EM13905153

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