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The following information relating to inventory was provided by Carter Company. Consigned inventory of $3,000 was included in the Carter Company's...
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The following information relating to inventory was provided by Carter

Company. Consigned inventory of $3,000 was included in the Carter Company's physical inventory count.
Goods in transit to customers, FOB destination point, of $7,000 were not included in the physical count of inventory.
Goods in transit from suppliers, FOB shipping point, of $2,000 were included in the physical inventory count. Ending Inventory is
Group of answer choices




Understated $7,000


Understated $4,000


Overstated $10,000


Overstated $3,000


Understated $2,000


Understated $10,000


Cannot be determined from the information given

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Subject: Accounting, Business

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