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Consignment? What is it?
These are the transactions during the month of December for MOnarch
Inventory shipped on cosignment to AB Co. 18k Freight paid by Monarch 900 Inventory received on consignment from Dalton 12k Freight paid by Dalton 500 No sales of consigned goods were made Monarchs balance sheet should include consigned inventory at 18,900 18,000 12,500 12,000 Now I picked 18,000 is that one right:confused: |
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