Kizspy | Question: 44
(Choose 1 answer)
(2032)
At the end of the period, A book store has 5000 books on the shelves of the store, in which, 500 books are
consigned by MCQ company. During the period, the store also ordered 400 books with FOB destination point
term, which are still in transit. Cost per unit of all books is $20. How much are Inventories reported in the
Balance sheet if all inventories are reported at cost?
A. 90,000
B. 98,000
C. 89,000
D. 108,000
E. 100,000
