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What gumpal inventory account at december should be

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The following items were included in Gumpal Corporation's inventory account at December 31, 2018:

Merchandise out on consignment, at sales price,
Including 40% mark up on selling price....................................................................14,000
Goods purchased, in transit, shipped FOB shipping point.................................................... 12,000
Goods held on consignment by Venicio................................................................................ 9,000

Problem 1: Gumpal's inventory account at December 31, 2018 should be reduced by

Reference no: EM132915505

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