Gordon Company's inventory at June 30, 2011, was $75,000 based on a physical count of goods priced at cost, and before any necessary year-end adjustment relating to the following:

What amount should Gordon report as inventory on its June 30, 2011, balance sheet?

Question

Gordon Company's inventory at June 30, 2011, was $75,000 based on a physical count of goods priced at cost, and before any necessary year-end adjustment relating to the following:

What amount should Gordon report as inventory on its June 30, 2011, balance sheet?

Quizplus · Accepted Answer

The Answer of Gordon Company's inventory at June 30, 2011, was $75,000 based on a physical count of goods priced at cost, and before any necessary year-end adjustment relating to the following:

What amount should Gordon report as inventory on its June 30, 2011, balance sheet?

Gordon Company's Inventory at June 30, 2011, Was $75,000 Based