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Wendt,IncCounted Its Ending Inventory as $178,000 at Year-End,January 31,2014

Question 33

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Wendt,Inc.counted its ending inventory as $178,000 at year-end,January 31,2014.Upon review of the records,it was noted that the following items were in transit during the count: Wendt,Inc.counted its ending inventory as $178,000 at year-end,January 31,2014.Upon review of the records,it was noted that the following items were in transit during the count: Determine the correct inventory balance at January 31. A) $178,000 B) $177,000 C) $174,000 D) $172,000 Determine the correct inventory balance at January 31.


A) $178,000
B) $177,000
C) $174,000
D) $172,000

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