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1. 2. 3. In an annual audit of Bramble Company Limited, you find that a physical inventory count on December 31, 2020 showed merchandise of

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1. 2. 3. In an annual audit of Bramble Company Limited, you find that a physical inventory count on December 31, 2020 showed merchandise of $442.000. You also discover that the following items were excluded from the $442.000 Merchandise of $60,400 is held by Bramble on consignment from BonBon Corporation, Merchandise costing $32,800 was shipped by Bramble to.b.destination to XYZ Ltd. on December 31 2020. This merchandise was accepted by XYZ on January 6, 2021 Merchandise costing $45,700 was shipped to be shipping polnt to ABC Company on December 29 2020. This merchandise was received by ABC on January 10, 2021 4. Merchandise costing $72,100 was shipped fo.b. destination from Wholesaler Inc to Bramble on December 30 2020, Bramble received the items on January 3, 2021 Merchandise costing $51.400 was shipped by Distributor Ltd. fob shipping point on December so 2020 and received at Bramble's office on January 2, 2021 Bramble had excess inventory and incurred an additional $1530 in storage costs due to delayed shipment in transaction (3) above Bramble incurred $2,020 for interest expense on inventory it purchased through delayed payment plans in fisco 2020 5. 6. 7. (a) Based on the information provided above, calculate the amount of inventory that should appear on Bramble's December 1 2020 SFP. Inventory per physical count Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Inventory to be reported on SFP

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