Exercise 6-2 with Sneed Chartered Accountants, is performing a review of Blue Company's inventory account. Blue did not have the inventory balance at year end was E785,190. However, the following information was not considered when determining that amount good year and top management is under pressure to a schedule to determine the correct inventory amount. (af an amount reduces the account balance then enter with a negative sign preceding the mumber, e.g. -15,000, or parenthesis e-g. (15,000)) Ending inventory-as reported rdiue n the comsany cout were oreds wit o2t he mpany the cmpany is holding or consignment. The goods belong to Superior, Ltd. count did not include goods purchased by Blue with a cost of E33,540 that were shipped FOB destination on December 28 and did not arrive at Blue's warehouse unti January 3. ncluded in the inventory account was E20,980 of office supplies that were stored in the warehouse and to be used bron company's ervisors and manages arng the coming year 4. The company received an order on December 29 that wes boxed and was siting on the loading deck waiting pick-up on December 31. The shipper picked up the g0ods on January 1 and lanuary 6. The cost of (32,490. The goods were not included in the count because they were sitting on the dock shipping terms were FOB shipoing poit. The goods had a selling price of 142.060 and a On December 29, Blue shipped goods with a seling price of (81,980 and a cost of E66,310 to District Sales Corporation FOB shipping point. The goods arived on January 3. District Sales had only ordered goods with a selling price of 12,100 and a cost of E8,000, However, a sales manager at Blue had the shipment and saild that if District wanted to ship the goods back next week, it couid. 5. On December 29, Blue shipped 6. Included in the count was E43,130of ods that were parts for a machine that the company no longer made. Given the high-tech nature of other use. However, management would prefer to keep them on the books at cost, "since that is what we paid for them, after all. Correct inventory