Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period

Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma reports she has:

• 600 units (products) in her basement, 17 of which were damaged by water and cannot be sold.
• 190 units in her van, ready to deliver per a customer order, terms FOB destination.
• 190 units out on consignment to a friend who owns a retail store.

How many units should Emma include in her company's period-end inventory?

	Units in Ending Inventory: Units of Product on hand: 600 units Add: Units in transitselected answer correct 190selected answer correct Units on consignmentselected answer correct 190selected answer correct Less: Damaged unitsselected answer correct 17selected answer correct not attempted not attempted Total units in period-end inventory 963 units

----------------------------------------------------------------------------------- 2. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $10 each.   Purchases on December 7 18 units @ $4.00 cost Purchases on December 14 35 units @ $6.00 cost Purchases on December 21 28 units @ $7.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method. -----------------------------------------------------------------------------------