Determining Merchandise to Be Included or Excluded from Ending Inventory is finalized.

b$.$ On December $31,$ the physical inventory included $$21,600$ of merchandise inventory held on consignment by a customer. Ann Corp, is the consignor.

c$.$ On December $31,$ the physical inventory included $$960$ of merchandise held on consignment. The consignor is Ann's largest vendor. $28$ and is expected to arrive at the customer on December $31.$ excluded from the physical inventory count because they had not been delivered.

f$.$ Merchandise with a cost of $$360$ is being held in the receiving department for return. The merchandise was excluded from the physical inventory count.

Required

Review items a through $f$ and determine the adjusted inventory balance for year$-$end December $31.$

Adjusted inventory balance on December $31$ : $$**$