Question: 11 (2 points) The King Supply Co. counted and valued its inventory at year-end, and found $48225 worth. However, their accounting system showed that there

11 (2 points) The King Supply Co. counted and valued its inventory at year-end, and found $48225 worth. However, their accounting system showed that there were two purchases that had not yet arrived. One had been shipped FOB destination, for $2560, and the other had been shipped FOB shipping point, for $3185. In addition, two sales made on the last day of the year would not have reached the customers. One, for $1765, was shipped FOB destination, and the other, for $2940, was shipped FOB shipping point. What is the company's correct inventory value? A/ 11 (2 points) The King Supply Co. counted and valued its inventory

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