Kari Downs, an asdifor with Wheeler CFAs, is performing a review of Concord Company's innentory account. Concond did not have a pood Yex and top minigement in under presurr to boot reported Income. According to lis records, the inventory lualance al rearend was $$731,000.$ However, the following information was not combilered when determining that amount.

$($a$1)$ Prepare a schedule to debermine the correct inventory anount. If an amount moluces the account balance flow enter with a mogetive vign procedira the namber, es$.15,000,$ or parenthein es $(15,0004.$ Enter $0$ if there is no ellect$)$

Ending inventory$-$as reported

$3$

$$

Included in the company's count were goods with a cont of $$755,000$ that the conpany is holding on comignment. The goods belong to Kroeger Copporation,

The phyical count did not include goods purchuned by Concond with a cost of $$45.000$ that were shipped FO$8$ destination on December $28$ and did not arrive at $$ Concord warehonse unda January $3$

Included in the inventory account was $$12,000$ of office supplies that were stored in the worefoune and were to be used by the company's upervisors and nanagers during the

$$ consing year.

$$

The conpary received an onder on December $29$ that was boxed and sitting on the loading dock awaiting pick$-$up$-$on December $31.$ The shipper picked up the goods on Janury $1$ and debered then on Janury Kari Downs, an asdifor with Wheeler CFAs, is performing a review of Concord Company's innentory account. Concond did not have a pood Yex and top minigement in under presurr to boot reported Income. According to lis records, the inventory lualance al rearend was $$731,000.$ However, the following information was not combilered when determining that amount.

$($a$1)$ Prepare a schedule to debermine the correct inventory anount. If an amount moluces the account balance flow enter with a mogetive vign procedira the namber, es$.15,000,$ or parenthein es $(15,0004.$ Enter $0$ if there is no ellect$)$

Ending inventory$-$as reported

$3$

$$

Included in the company's count were goods with a cont of $$755,000$ that the conpany is holding on comignment. The goods belong to Kroeger Copporation,

The phyical count did not include goods purchuned by Concond with a cost of $$45.000$ that were shipped FO$8$ destination on December $28$ and did not arrive at $$ Concord warehonse unda January $3$

Included in the inventory account was $$12,000$ of office supplies that were stored in the worefoune and were to be used by the company's upervisors and nanagers during the

$$ consing year.

$$

The conpary received an onder on December $29$ that was boxed and sitting on the loading dock awaiting pick$-$up$-$on December $31.$ The shipper picked up the goods on Janury $1$ and debered then on Janury