Flint Company's inventory of $ 1 1 million at December 3 1 , 2 0 2 3 , was based on a physical count of goods priced at cost and before any year end adjustments relating to the following items a Goods shipped f o b shipping point on December 2 4 , 2 0 2 3 , from a vendor at an invoice cost of $ 7 8 , 0 0 0 to Flint, received on January 4 , 2 0 2 4 b Goods worth $ 3 7 , 0 0 0 and included in the physical count, billed to Makee Corp , f o b shipping point, on December 3 1 , 2 0 2 3 The carrier picked up these goods on January 3 , 2 0 2 4 c Goods shipped f o b destination received by Flint on January 5 , 2 0 2 4 The invoiced amount was $ 5 8 , 0 0 0 d Goods shipped f o b destination and received by Flint on December 2 5 , 2 0 2 3 , that are on consignment The value of the goods is $ 8 9 , 0 0 0 and they have not been included in the physical inventory count What should Flint report as its inventory amount on its 2 0 2 3 SFP Inventory $

Question

Flint Company's inventory of $ 1   1 million at December 3 1 , 2 0 2 3 , was based on a physical count of goods priced at cost and before any year   end adjustments relating to the following items  a   Goods shipped f   o   b   shipping point on December 2 4 , 2 0 2 3 , from a vendor at an invoice cost of $ 7 8 , 0 0 0 to Flint, received on January 4 , 2 0 2 4   b   Goods worth $ 3 7 , 0 0 0 and included in the physical count, billed to Makee Corp , f   o   b   shipping point, on December 3 1 , 2 0 2 3   The carrier picked up these goods on January 3 , 2 0 2 4   c   Goods shipped f   o   b   destination received by Flint on January 5 , 2 0 2 4   The invoiced amount was $ 5 8 , 0 0 0   d   Goods shipped f   o   b   destination and received by Flint on December 2 5 , 2 0 2 3 , that are on consignment  The value of the goods is $ 8 9 , 0 0 0 and they have not been included in the physical inventory count  What should Flint report as its inventory amount on its 2 0 2 3 SFP   Inventory $

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Flint Company's inventory of $ 1 . 1 million at December 3 1 , 2 0 2 3 , was based on a physical count

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