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Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available: The ending inventory balance of $412,000 included

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Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available: The ending inventory balance of $412,000 included $72,200 of consigned inventory for which Bedrock was the consignor. The ending inventory bolonce of $412.000 incorrectly included $24.400 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year Based on this information the correct balance for ending inventory on December 31 : $412.000 $387,600 $314200 $338,600 $300.000 Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported an cost of goods sold for the 12 units that were sold? Units. Some Date August August August Activities Beginning inventory Purchase Seles Units Acquired at com 10 units 0 558 $10 20 urte 320 12 units sold $138 $180 5174 $172 $950

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