6 HW Question 5 of 13 74 E Vw Policies Current Attempt in Progress Rachel Warren, an auditor with Laplante CPA, is performing a review of Pharoah Comparinventory account. Pharosh did not have good wear, and top management is under pressure to boost reported income. According to its records, the inventory balance at War end was $775.000. However, the following information was not considered when determining that amount Prepare a schedule to determine the correct inventory amount an amount redes dicunt balance the enter with a real ponding the number. -15.000 or parentheses (15.000 Enter of there is no effect Ending inventory as reported 1 lecluded in the company count were goods with a cost of $346,000 that the company holding on consignment. The goods belong to Hammon Corporation 2 The physical count did not include goods purchased by Pharoah with a cost of 41000 were shipped FOB destination on December 28 and did not arrive at Plurals whose antilovs 1 Included in the intory court was 517.000 office supplies that were stored in the warehouse and were to be wed by the supervisors and manager during the Andechild-6539-4404-c-1000070 w Question 5 of 13 -/4 The company received an order on December 29 tut wasted and sitting on the dock awiting pick-up on December 31 These picked up the good on January and delivered them on January. The song terms were Foschinoint. The goods had Selling price of 5 49,500 and a cost of 536 500. The goods were not included in the count because they were sitting on the dock 5 On December 29. Plurah shipped food with a price of 587.500 and to 61.000 to Reta Sales Corporation FOB shoping point. The goods arrived on a Trealad only ordered goods with a selling price of $16.500 and a cost of $8.200 However, a sales manager at Pharoah had authorized the shipment and said that if Ruta wanted to ship the goods hack next week, it could 6. Included in the count was $4.500 foods that were parts for a machine that the company no longer made. Given the high tech of Pharmal product it was only that the aboletarts had any other use. However, management would prefer to keep them on the books at contince that is what we paid for them after all." Correct inventory 6 HW Question 5 of 13 74 E Vw Policies Current Attempt in Progress Rachel Warren, an auditor with Laplante CPA, is performing a review of Pharoah Comparinventory account. Pharosh did not have good wear, and top management is under pressure to boost reported income. According to its records, the inventory balance at War end was $775.000. However, the following information was not considered when determining that amount Prepare a schedule to determine the correct inventory amount an amount redes dicunt balance the enter with a real ponding the number. -15.000 or parentheses (15.000 Enter of there is no effect Ending inventory as reported 1 lecluded in the company count were goods with a cost of $346,000 that the company holding on consignment. The goods belong to Hammon Corporation 2 The physical count did not include goods purchased by Pharoah with a cost of 41000 were shipped FOB destination on December 28 and did not arrive at Plurals whose antilovs 1 Included in the intory court was 517.000 office supplies that were stored in the warehouse and were to be wed by the supervisors and manager during the Andechild-6539-4404-c-1000070 w Question 5 of 13 -/4 The company received an order on December 29 tut wasted and sitting on the dock awiting pick-up on December 31 These picked up the good on January and delivered them on January. The song terms were Foschinoint. The goods had Selling price of 5 49,500 and a cost of 536 500. The goods were not included in the count because they were sitting on the dock 5 On December 29. Plurah shipped food with a price of 587.500 and to 61.000 to Reta Sales Corporation FOB shoping point. The goods arrived on a Trealad only ordered goods with a selling price of $16.500 and a cost of $8.200 However, a sales manager at Pharoah had authorized the shipment and said that if Ruta wanted to ship the goods hack next week, it could 6. Included in the count was $4.500 foods that were parts for a machine that the company no longer made. Given the high tech of Pharmal product it was only that the aboletarts had any other use. However, management would prefer to keep them on the books at contince that is what we paid for them after all." Correct inventory