following items Culver should be including in inventory and at what amount.

Should Include$/$Should

Items

Not Include

Amount

On December $28,$ Arners Inc. shipped goods to Culver

FOB shipping point. The invoice was in the amount of

$$1,200$ of which $$40$ reflected freight. Culver received the

goods on January $3.$

Culver shipped $$810$ of goods on consignment to Beljira

Ltd$.$ on December $23.$ On December $31,$ Beljira informed

Culver that they had sold $$600$ of the goods.

On December $29$ Culver sold and collected cash from a

customer for inventory costing $$1,480.$ The customer

picked them up on January $2.$

Culver shipped goods FOB destination on December $27$

costing $$2,330$ and with a selling price of $$2,930.$ The

customer received the goods on January $5.$

Culver was holding $$4,730$ of goods on consignment for

Marshall Inc. which was included in Culver's physical

$

inventory count on December $31.$