plz help me eitwith this one im very ill eitwith gall bladder problems. severe pain.

$($Graded$)$

Question $3$ of $3$

First Bark iscopsidering eiving Sheridan Compamy a loan. First, however, it decides that it would be a good idea to have further discussions with Steridan's accountant. One area of particular concern is the inventory account, which has a December $31$ balance of $$258,520$ Discontiens with the accountant reveal the following:

The phrsical count of the irrentory did not include goods that cost $$87,400$ that were shipped to Sheridan. FOB shipping point, on December $27$ and were still in transit at year end.

Steridan seld ioods that cost $$32\mathrm{.}200$ to Crane Company, FOG destination, on December $28.$ The goods are not expected to artive at their destination in Ind a u$-$til January $12.$ The goods were not included in the plysical inventory because they were not in the warehouse.

On December $31,$ Shetheld Comeany had $$28\mathrm{.}060$ of goods held on consignment for Steridan. The goods were not included in Sheridan's ending invertory balance.

Sheridan received goods that cost $$25,760$ on Jarwary $2.$ The goods were shipped FOB shipping point on December $26$ by Grouper Ca$.$ The goods were not included in the physical count.

Determine the correct inventory amount at December $31.$

The correct cost of inventory is:

Ending inventory$-$prevical count

$3$

Adjustments:

$1$ irrentory $$

$2.$ irrentory

Sheridan repeived goods that cost $$25,760$ on January $2.$ The goods were shipped FOB shil Grouper Ca$.$ The goods were not included in the physical count.

Determine the correct invertory anount at December $31.$

The correct cost of irventory is:

Ending inventory$-$physical count $

Adjustments:

$$ irrventory

$$ inventory

$$ irrventory

$$ inventory

$q,$

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