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8 May, 20:14

Omestead crafts, a distributor of handmade gifts, operates out of owner emma finn's house. at the end of the current period, emma reports she has: 1,300 units (products) in her basement, 20 of which were damaged by water and cannot be sold. 350 units in her van, ready to deliver per a customer order, terms fob destination. 80 units out on consignment to a friend who owns a retail store. how many units should emma include in her company's period-end inventory?

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  1. 8 May, 20:47
    0
    1,710 units

    1,300 in inventory

    + 350 in transit

    + 80 on consignment

    = 1730

    - 20 damaged units

    =1,710 units in period end inventory
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