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Question
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Asked by Adamfickert
4. At year end, the following inventory items were in-transit to...
4. At year end, the following inventory items were in-transit to Gordon from the company's vendors. None of these inventory items were recorded or included in the physical inventory count.
| Total Cost of Inventory | Shipping Terms | Date Shipped from Vendor's location | Date arrived at Gordon's warehouse |
| $4,000 | FOB Shipping Point | 12/28/2021 | 1/3/2022 |
| $700 | FOB Shipping Point | 12/31/2021 | 1/5/2022 |
| $2,000 | FOB Destination | 12/10/2021 | 1/2/2022 |
Answer & Explanation
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Answered by JudgeBookHamster22
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Step-by-step explanation
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