Please explain the reasoning for why, or why not an option should be included, thanks

Concord Company asks you to review its December 31, 2020, inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Concord uses the periodic method of recording inventory A chysical count recals $293.613 of inventory on hand at December 31, 2020 2. Not included in the physical count of inventory is $16.775 of merchandise purchased on December 15 from Browser. This merchandise was shipped 1.0.b. shipping point on December 22 and arrived in January. The invoice arrived and was recorded on December 31. 3. Included in inventory is merchandisespolita Churry on December 30, fc.b.destination. This merchandises shipped after it was counter. The invoice was prepared and rexxercedes a sale can account for $16,000 an December 31. The rerchandise coxt $9,110, and Champy received it on January 3. 1. Included in inventory was merchandise received from Dudley on December 31 with an invoice price of $19.538. The merchandise was shipped I.o.b.destination. The invoice, which has not yet arrived. has not been recorded. 5. Not included in inventory is $10.675 af merchandise purchased from Glower Industries. This merchandise was received an December 31 after the inventary had been counted. The invier was received and remercier on December 30. 6. Included in inventory was $13,048 of inventory held by Concord on consignment from Jackel Industries. 7. Included in inventory is merchandise sold to Kemp l.ob.shipping point. This merchandise was shipped on December 31 after it was counted. The invoice was prepared and recorded as a sale for $23.625 on December 31. The cost of this merchandise was $13,150, and Krmpreceived the merchandise on January 5. 8. Excluded from inventory was a carton labeled "Please accept for credit." This carton contains merchandise costine $1.875 which had been sold to a customer for $3,250. No entry had been made to the books to reflect the return, but none of the returned merchandise Seemned damaged: Concord will honor the return Determine the proper inventary balance for Cuncord Commy at December 31, 2020. Inventory balance as on December 31, 2017 $ cTextbook and Media List of Accounts Prepare any correcting entries to adjust inventory Loits proper amount at December 31, 2020. Assume the books have not been closed. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account cities are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation Debit Credit 1. 2