At the end of the current period, a company checks its physical inventory against its records and discovers the following. 1,700 units (products) were in the warehouse. . . 23 of the 1,700 units in the warehouse were destroyed when a storage shelf collapsed. 180 units were loaded in a trailer. The units are to be delivered to a customer, terms FOB destination. . 140 units were out on consignment to a retailer. Determine the number of units in the company's period-end inventory. Units in Ending Inventory Units of Product in warehouse: Add: Less: Total units in period-end inventory 1,700 units units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the end of the current period, a company checks its physical inventory against its records and discovers the following.
.
1,700 units (products) were in the warehouse.
. 23 of the 1,700 units in the warehouse were destroyed when a storage shelf collapsed.
. 180 units were loaded in a trailer. The units are to be delivered to a customer, terms FOB destination.
• 140 units were out on consignment to a retailer.
Determine the number of units in the company's period-end inventory.
Units in Ending Inventory
Units of Product in warehouse:
Add:
Less:
Total units in period-end inventory
1,700 units
units
Transcribed Image Text:At the end of the current period, a company checks its physical inventory against its records and discovers the following. . 1,700 units (products) were in the warehouse. . 23 of the 1,700 units in the warehouse were destroyed when a storage shelf collapsed. . 180 units were loaded in a trailer. The units are to be delivered to a customer, terms FOB destination. • 140 units were out on consignment to a retailer. Determine the number of units in the company's period-end inventory. Units in Ending Inventory Units of Product in warehouse: Add: Less: Total units in period-end inventory 1,700 units units
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