AT is finalizing the ending inventory balance. The following information has been collected:

a.The goods counted in the physical inventory had a gross invoice amount of $291,800 for the goods purchased. JAT purchases primarily from one supplier and received the early payment discount of 2% off the purchase of the goods.

b. The HST and import fee on the above purchase totalled $25,400 and $4,100, respectively.

c. $42,600 of goods in transit to a retailer were excluded from the above count. The company shipped these products using FOB destination.

d. $20,000 of goods in transit to a retailer were excluded from the above count. These goods were FOB shipping point.

e. Goods with a total cost of $82,000 have been shipped and received by various retailers. The retailers have a 60-day return period for up to 25% of the goods purchased. These goods were excluded from the count. Historically 5% of the total goods shipped are returned.

f. Cost of goods on consignment with retailers of $30,800. Total includes expected commissions of 20% to be received when the goods are sold.

g. Storage costs for the inventory $13,600.

Required: Determine the amount of ending inventory that should be reported on the companys SFP.

a

b

c

d

e

f

g