ework: Chapter 6 Question 2 of 5 < > Current Attempt in Progress Waterway Company just took its physical inventory. The count of inventory items on hand at the company's bus resulted in a total inventory cost of $265,000. In reviewing the details of the count and related inventory transa discovered the following items had not been considered. 1. 2. 3. Waterway has sent inventory costing $20,000 on consignment to Alissa Company. All of this inventory showrooms on December 31. The company did not include in the count inventory (cost, $20,000) that was sold on December 28, term The goods were in transit on December 31. The company did not include in the count inventory (cost, $12,000) that was purchased with terms of FC goods were in transit on December 31. Compute the correct December 31 inventory. Correct December 31 inventory Search