Answer the following question. Prepare a solution in good form.

1. Alpha company had the following consignment transactions during December 2020: Inventory shipped on consignment to Beta Company 1,800,000 Freight paid by Alpha 90,000 Inventory received on consignment from Charlie Company 1,200,000 Freight paid by Charlie 50,000 No sales of consigned goods were made through December 31, 2020. Alpha's December 31, 2020 balance sheet should include consigned inventory at ? 2. The following information was derived from the 2020 accounting records of Alpha company: Alpha's central warehouse Alpha's good held on consignees Beginning inventory 1,100,000 120,000 Purchases 4,800,000 600,000 Freight in 100,000 Transportation to consignee 50,000 Freight out 300,000 80,000 Ending inventory 1,450,000 200,000 Alpha's cost of sale was