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What amount should bramble report as its december inventory

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Bramble Ltd. took a physical inventory count on December 31 and determined that goods costing $2,200 were on hand. This amount included $590 of goods held on consignment for Woods Corporation. Not included in the physical count were $690 of goods purchased from Timmons Corporation, f.o.b. shipping point, and $210 of goods sold to Myers Ltd. for $430, f.o.b. destination. Both the Timmons purchase and the Myers sale were in transit at year end.

Problem 1: What amount should Bramble report as its December 31 inventory?

Reference no: EM132686369

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