6. Inventory The June 30, 2021, year-end inventory balance of the Bonth Company is $900,000. You have been asked to review the following transactions to determine if they have been correctly recorded. Included in the year-end inventory balance was $110,000 of inventory damage by fire that cannot be sold. Materials purchased from a supplier and shipped to Bonth fo.b. Shipping on June 26, 2021. were received on July 10, 2021. The invoice cost of $240.000 is not included in the preliminary inventory balance. At June 30, Bonth had $180.000 of merchandise on consignment to the Bo Company. This merchandise is not included in the preliminary inventory balance. On June 30, merchandise costing S105.000 was shipped to a customer fo.b. Destination point and arrived at the customer's location on July 18. 2021. The merchandise was included in the preliminary inventory balance. On June 30, merchandise costing S180,000 was on consignment liom Freetown Company. This merchandise is included in the preliminary inventory balance