Course Solutions Uncategorized (Solved) : Exercise 8 5 Part Level Submission Pharoah Company Asks Review December 31 2017 Inventory Q33248746 . . . .

(Solved) : Exercise 8 5 Part Level Submission Pharoah Company Asks Review December 31 2017 Inventory Q33248746 . . . .

 

Exercise 8-5 (Part Level Submission) Pharoah Company asks you to review its December 31, 2017, inventory values and prepare the necessary adjustments to the books. The following information is given to you 1. Pharoah uses the periodic method of recording inventory. A physical count reveals $305,357 of inventory on hand at December 31, 2017 2. Not included in the physical count of inventory is $17,446 of merchandise purchased on December 15 from Browser. This merchandise was shipped f.o.b. shipping point on December 29 and 3. Included in inventory is merchandise sold to Champy on December 30, f.ะพ.b. destination. This 

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