----------------------

As a result of a thorough physical inventory, Marigold Company determined that it had inventory worth $319200 at December 31, 2020. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $46900 on its sales floor that belong to Marigold but are being sold on consignment by Herschel. The selling price of these goods is $74600 Marigold purchased $22600 of goods that were shipped on December 27. FOB destination, that will be received by Marigold on January 3. Determine the correct amount of inventory that Marigold should report. O $371200 O $388700 O $366100 O $319200. Waterway Bookstore had 520 units on hand at January 1, costing $9 each, Purchases and sales during the month of January were as follows: Purchases Sales 405 @ $14 Date Jan 14 17 25 29 240 @ $10 240 @ $12 250 a $17 Waterway does not maintain perpetual inventory records. According to a physical count, 345 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is: $3105 O $4140 0 $3930 O $3450