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The merchandise inventory in Pharoah Company was counted after the close of business on December 31, 2021, the company's year end. It was determined that the total cost of this inventory was $56,200. Pharoah wants to know if this is the correct amount that should be reported on the company's December 31, 2021, balance sheet or if an adjustment needs to be made for any of the following items: (6) (c) (d) The count included items costing $1,400 that had been sold but are being held for alterations. The customers have paid in fu Pharoah Company has $4,050 of merchandise held on consignment for a local designer. These items were included in the inv A shipment of inventory costing $3,000 was received on January 2, 2022. It had been shipped by the seller on December 30, A second shipment of inventory costing $4,310 was received on January 3 2022. It had been shipped by the seller on Decem Determine the correct amount of Pharoah Company's merchandise inventory at December 31, 2021. (Do not leave any answer The merchandise inventory in Pharoah Company was counted after the close of business on December 31, 2021, the company's year end. It was determined that the total cost of this inventory was $56,200. Pharoah wants to know if this is the correct amount that should be reported on the company's December 31, 2021, balance sheet or if an adjustment needs to be made for any of the following items: (6) (c) (d) The count included items costing $1,400 that had been sold but are being held for alterations. The customers have paid in fu Pharoah Company has $4,050 of merchandise held on consignment for a local designer. These items were included in the inv A shipment of inventory costing $3,000 was received on January 2, 2022. It had been shipped by the seller on December 30, A second shipment of inventory costing $4,310 was received on January 3 2022. It had been shipped by the seller on Decem Determine the correct amount of Pharoah Company's merchandise inventory at December 31, 2021. (Do not leave any