*All one question. Please full calculation and explanation.

Inventory Ownership-perpetual LO1 blem 6-IA pro 31, 2017, Jen & Mink Clothing (J&M) performed the inventory c peeng inventory value to be $75,500. It is now January 8, 2018 on ar-end ending med the inventoru count a nd determined the check the year-end inventory listing. J&M uses a perpetual inventory system. No dou ite ble s are ow January 8, 2018, and you have been asked to Note: Only relevant shown on the inventory listing Jen & Mink Clothing Inventory Listing December 31, 2017 Inventory Number 7649 10824 Inventory Description Blue jackets Black pants Quantity (units) Total Value (S) Unit Cost (S) 20 15 5,000 300 Total Inventory$75 be following situations have been brought to your attention: a. On January 3, 2018 J&M received a shipment of $2,000 blue Jackets (ltrm #7649). The inventory was purchased December 23, 2017, FOB destination from Global Threads. This inventory was included in J&M's inventory count and inventory listing b. On December 29, 2017, J&M sold scarves (Item #5500 to a customer with a sale price of , 2017. J&M $700 and cost of $500, FOB shipping. The order was shipped on December 30 has not included this inventory. tf193 were purchased and shipped from International Co. on December | Innuaru , 2018, and the