As a result of a thorough physical inventory, Coronado Company determined that it had inventory worth $319600 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $48000 on its sales floor that belong to Coronado but are being sold on consignment by Walker. The selling price of these goods is $74400. Coronado purchased $22500 of goods that were shipped on December 27, FOB destination, that will be received by Coronado on January 3. Determine the correct amount of inventory that Coronado should report. A. $367600.
B. $390100.
C. $342100.
D. $319600.

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer