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A company's inventory on December 31,2024 , was $343,000 based on a physical count priced at cost, and before any necessary adjustment for the following:

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A company's inventory on December 31,2024 , was $343,000 based on a physical count priced at cost, and before any necessary adjustment for the following: - Inventory costing $48,000, shipped f.o.b. shipping point from a vendor on December 30,2024 , was recelved on January 5,2025 , - Inventory costing $40,000, shipped f.o.b. destination from a vendor on December 28,2024 , was received on January 3,2025. - Inventory costing $56,000 was shipped to a customer f.o.b. destination on December 28 , arrived at the customer's location on January 6 , 2025. - Inventory costing $30,000 was being held on consignment by Traynor Company. What amount should the company report as inventory in its December 31,2024 , balance sheet? Multiple Choice $421,000 $517,000 $343,000 $477,000

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