Delta Corp. conducted a physical count on December 31, 2019 which revealed inventory with a cost of P 4,410,000. The following items were excluded from the physical count: • Merchandise held by Delta Corp. on consignment.. • Merchandise shipped by Delta Corp. on terms FOB Destination to a customer on December 31, 2019 and was received by the customer on January 5, 2020... Merchandise shipped by Delta Corp. on terms FOB Shipping Point to a customer on December 31, 2019 and was received by the customer on January 5, 2020.. Merchandise shipped by the supplier on terms FOB Destination on December 31, 2019 and was received by Delta Corp. on January 5, 2020.. Merchandise purchased on terms FOB Shipping Point, was shipped by the supplier on December 31, 2019 and was received by Delta Corp. on January 5, 2020.. .P 610,000 380,000 460,000 830,000 510,000 What is the correct amount of inventory as of December 31, 2019? В. Р4,690,000 A. P5,300,000 С. Р3,800,000 D. P4,920,000

Delta Corp. conducted a physical count on December 31, 2019 which revealed inventory with a cost of P 4,410,000. The following items were excluded from the physical count: • Merchandise held by Delta Corp. on consignment.. • Merchandise shipped by Delta Corp. on terms FOB Destination to a customer on December 31, 2019 and was received by the customer on January 5, 2020... Merchandise shipped by Delta Corp. on terms FOB Shipping Point to a customer on December 31, 2019 and was received by the customer on January 5, 2020.. Merchandise shipped by the supplier on terms FOB Destination on December 31, 2019 and was received by Delta Corp. on January 5, 2020.. Merchandise purchased on terms FOB Shipping Point, was shipped by the supplier on December 31, 2019 and was received by Delta Corp. on January 5, 2020.. .P 610,000 380,000 460,000 830,000 510,000 What is the correct amount of inventory as of December 31, 2019? В. Р4,690,000 A. P5,300,000 С. Р3,800,000 D. P4,920,000

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 9PA: On December 31, 2019, the balances of the accounts appearing in the ledger of Wyman Company are as...

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