Cedarbrae Art Sales uses the perpetual inventory system. On September $30,2022,$ the company's year$-$end, a physical count was taken of the inventory on hand. The cost of the inventory on hand was determined to be $$412500.$ However, the accountant has questions about the following items:

On the store shelves, the staff counted $7$ paintings held by Cedarbrae on consignment from a local artist. The paintings are included on the inventory count at a cost of $$4,200.$

On September $30,$ a shipment of goods was sent to a customer, FOB destination. The cost of the goods shipped is $$7,800,$ and freight, which is to be paid by Cedarbrae, will cost $$200.$ These items are not included in the inventory count.

On October $2,$ a freight company delivered goods that cost $$10,000$ to Cedarbrae's warehouse. The goods had been shipped by the vendor on September $29,$ FOB shipping point. Freight on this shipment will amount to $$500$ and will be paid by the appropriate party. The goods are not included on the inventory count. $$+$

On September $30$ a loyal customer visited Cedarbrae's retail shop and asked that certain items be set aside for him. The goods set aside have a cost of $$1,300.$ The customer intends to let Cedarbrae know no later than October $2$ whether or not he wishes to finalize the sale and have the goods shipped to his home. The freight will cost $$50$ and will be paid by Cedarbrae. The sales person was fairly sure the customer will take the items; and so prepared the sales invoice on September $30.$ The items are not included on the inventory count.

Residing in Cedarbrae's warehouse is merchandise costing $$5,000$ that was purchased in Septem' be defective. Cedarbrae's purchasing manager has arranged with the vendor to accept return of thy packaged them for return shipment. The vendor processed a credit to Cedarbrae's account on Septentert has arranged to have the goods picked up on October $1.$ The items are included on the inventory count.

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