ACC111

ACC111 Unit 6 Homework Assignment E7-2 Determining the Correct Inventory Balance [LO 7-1, LO 7-2, LO 7-4] Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $78,000 and Cost of Goods Sold of $436,000. Included in Inventory (and Accounts Read more…