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Farley Bainsanator with No CPA, is performing a review of wanhoe Company's inventory account. Ivanhoe did not have a good a nd top management is

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Farley Bainsanator with No CPA, is performing a review of wanhoe Company's inventory account. Ivanhoe did not have a good a nd top management is under pressure to boost reported income According to its records the inventory balance at year and was 5724960. However, the following information was not considered when determining that amount Prepare a schedule to determine the correct inventory amount Show amounts that reduce inventory with a negative signor parentheses - 45 or parentheses. (450 Ending inventory as reported included in the company's count were goods with a cost of $218.430 that the company is holding on cons ent. The goods belong to Nader Corporation 2 The p al count did not include woods purchased by Ivanhoe with a cost of $39.290 that were sh cond Fashion point on December 28 and did not arrive at he's warehouse unt a ry 3 3 cluded in the inventory count was $15.460 of office supplies that were stored in the warehouse and were to be used by the company's survisors and anders during the coming year The company received an order on December 29 that was boedd was sitting on the loading dock avaiting pick up on December 31. The shipper picked up the goods on January 1 and delivered them on tonuary & The shipping terms were foB shipping point. The goods had a selling price of SI7020 and cost of $27.040. The goods were not included in the count included in the count was 540 200 of goods that were parts for machine than the company no longer made Given the gh tech nature of Ivanhoo's

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