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Crafts Galore, a distributor of handmade gifts, operates out of owner Jenny Finn's house. At the end of the current period, Jenny reports she has 1500 units (products) in her basement, 30 of which were damaged by water and cannot be sold. She also has another 250 units in her van, ready to deliver per a customer order, terms FOB destination, and another 70 units out on consignment to a friend who owns a retail store. How many units should Jenny include in her company's period-ending inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411387

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