1. Pina Colada Corp.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 $305,100. In reviewing the details of the count and related inventory transactions, you have discovered the following items that had not been considered. Nash has sent inventory costing $26,380 on consignment to Richfield Company. All of this inventory was at Richfield's showrooms on December 31. The company did not include in the count inventory (cost, $20,390) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31. 3. The company did not include in the count inventory (cost, $13,530) that was purchased with terms of FOB shipping point The goods were in transit on December 31. 2. Compute the correct December 31 inventory Correct December 31 inventory $