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question place a check mark beside the merchandise that llano company should include 4277664

Question

Place a check mark beside the merchandise that Llano Company should include in its ending inventory.

_____ 1.$10,000 (at cost) in estimated sales returns (they are material)

_____ 2.$60,500 of goods in transit from Carter Corp., a supplier, shipped FOB destination

_____ 3.$30,200 of goods in transit to Hudson Inc., ( our customer), FOB shipping point

_____ 4.$21,800 of goods in transit to Buttitta Co. (our customer) shipped FOB destination

_____ 5.$45,000 of goods in transit from Wing Company, a supplier, FOB shipping point

_____ 6.$27,600 of goods held on consignment for Cliff Company (we are the consignee)

_____ 7.$12,800 of goods out on consignment at Stephenson Inc. (we are the consignor)

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