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What amount of inventory should be reported in december

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Reference no: EM132789444

Information on CC Co.'s December 31, 2020 inventory is shown below:

                               Product A             Product B            Product C
Purchase Price        100,000               250,000           300,000
Freight in                12,000                 30,000               36,000
Selling price               210,000             300,000            570,000
Freight out                 10,500                 75,000             11,400

Problem 1: What amount of inventory should be reported in December 31, 2020 balance sheet?

Group of answer choices

A. 983,100
B. 938,100
C. 763,000
D. 673,000

Reference no: EM132789444

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