Wendt,IncCounted Its Ending Inventory as $178,000 at Year-End,January 31,2014

question 33

Multiple Choice

Wendt,Inc.counted its ending inventory as $178,000 at year-end,January 31,2014.Upon review of the records,it was noted that the following items were in transit during the count: Determine the correct inventory balance at January 31.

• A)$178,000
• B)$177,000
• C)$174,000
• D)$172,000

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