Valix Finacc vol 1 Problem 7-6

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 7-6

Items counted in the bodega                                                                                  4,000,000

Items included in count specifically segregated per sales contract                       (  100,000)

Items returned by customer                                                                                         50,000

Items ordered and in receiving department                                                             400,000

Items shipped today, FOB destination                                                                       150,000

Items for display                                                                                                         200,000

Items on counter for sale                                                                                           800,000

Damaged and unsalable items included in count                                                 (   50,000)

Items in shipping department                                                                                    250,000

                                                                                                                                5,700,000