PRINTER VERSION BACK NEXT Exercise 8-2 In your audit of Alan Company, you find that a physical inventory on December 31, 2017, showed merchandise with a cost of $464,070 was on hand at that date. You also discover the following items were all excluded from the $464,070 1. Merchandise of $64,310 which is held by Alan on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $37,350 which was shipped by Alan f.o.b. destination to a customer on December 31, 2017. The art 1 customer was expected to receive the merchandise on January 6, 2018. 3. Merchandise costing $48,300 which was shipped by Alan f.o.b. shipping point to a customer on December 29, 2017. The customer was scheduled to receive the merchandise on January 2, 2018. 4. Merchandise costing $82,650 shipped by a vendor f..b. destination on December 30, 2017, and received by Alan on SI N January 4, 2018. 5. Merchandise costing $51,590 shipped by a vendor f..b. shipping point on Decembet 31, 2017, and received by Alan on January 5, 2018. Based on the above information, calculate the amount that should appear on Alan's balance sheet at December 31, 2017, for inventory. lanatio Inventory as on December 31, 2017 B destin ods are s LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBHIT