Question

reported income. According to its records, the inventory balance at year-end was $810,000. However, the following consignment. The goods belong to Harmon Corporation. FOB destination on December 28 and did not arrive at Schuda’s warehouse until January 3 were to be used by the company’s supervisors and managers during the coming year on December 31. The shipper picked up the goods on January1 and delivered them on January & $36,500. The goods were not included in the count because they were sitting on the dock S. On December 29, Schuda shipped goods with a selling price of $81,000 and a cost of $59,000 to Reza



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