On November 30, 2017, York + Robin Shoes (Y+R) performed the annual inventory count and determined the year-end ending inventory value to be $49,222. It is now December 3, 2017, and you have been asked to double-check the inventory listing. Y+R uses a perpetual inventory system. Only relevant items are shown on the inventory listing.

The following situations have been brought to your attention.
a. On November 28, 2017, Y+R received a customer order for men€™s sneakers (Item # D50) with a sale price of $1000 and cost of $600, FOB shipping. The order was shipped on November 30, 2017. Y+R did not include this inventory.
b. On December 2, 2018, Y+R received a shipment of $1,500 women€™s black boots (Item # B30). The inventory was purchased November 22, 2017, FOB destination from Global Threads. This inventory was included in Y+R€™s inventory count and inventory listing.
c. Women€™s sandals (Item # C40) were purchased and shipped from International Sole Co. on November 30, 2017 for $2,300, FOB shipping. The shipment arrived December 5, 2017 and the appropriate party paid for the shipping charges of $230. Additional costs were $161 for import duties and $86 for insurance during shipment.
d. On November 30, 2017, Y+R shipped women€™s flip flops (Item #E60) to a customer for $2,520, FOB destination. The inventory cost $1,800 and the customer received the goods on December 3, 2017. Y+R has not included this inventory.
e. Y+R had been holding $3,700 of men€™s brown dress shoes (Item# A20) on consignment for designer Blue Co. as at November 30, 2017. This inventory was included in Y+R€™s inventory count and inventory listing.

Required
1. In situations (a) to (e), determine whether each of the following should be included or excluded in inventory as at November 30, 2017 and explain why. If the inventory should be included, deter- mine the inventory cost.
2. Determine the correct ending inventory value at November 30, 2017. Starting with the unadjusted inventory value of $49,222, add or subtract any errors based on your analysis in Part 1. Assume all items that are not shown in the inventory listing or discussed in situations (a) to (e) are recorded correctly.

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York + Robin Shoes Inventory Listing Year-ended November 30, 2017 Inventory Number Quantity (units) 74 Unit Cost ($) Total Value ($) Inventory Description Men's brown dress shoes Women's black boots $50 $3,700 A20 30 Взо 50 1,500 ... ... Total Inventory $49,222