Question: Question Below Question 1 of? - {'1 E View Policies Current Attempt in Progress Larkspur, lnc. just took its physical inventory on December 31. The

Question Below

Question 1 of? - {'1 E View Policies Current Attempt in Progress Larkspur, lnc. just took its physical inventory on December 31. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $299,000. In reviewing the details of the count and related inventory transactions, you have discovered the following items had not been considered. 1. Larkspur has sent inventory costing $25,600 on consignment to Richeld Company. All otthis inventory was at Richeld's showrooms on December 31. 2. The company did not include in the count inventory l[cost_. $19,900) that was sold on December 23, terms FOB shipping point. The goods were in transit on December 31. 3. The company did not include in the count inventory (cost. $17,800) that was purchased with terms of FOB shipping point. The goods were in transit on December 31. Compute the correct December 31 inventory. Correct December 31inventory $ Save for Later Attempts: 0 of 1 used

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