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Hello guys can you please help me. On December 31, 2023, Jen & Mink Clothing (J&M) performed the inventory count and determined the year-end ending
Hello guys can you please help me. On December 31, 2023, Jen \& Mink Clothing (J\&M) performed the inventory count and determined the year-end ending inventory perpetual inventory system. Note: Only relevant items are shown an the iminntable-check the year-end inventory listing. Jis uses a The following situations have been brought to your attention: 0. On January 3, 2024, J\&M recelved a shipment of 102 biue jackets, for $2,244 (ttem 47649) The inventory was purchased December 23,2023 , FOB destination from Global Threads. This inventory was included in j 18m 's inventory count and inventory isting. b. On December 29, 2023, J\&M sold scarves (ttem . 5566 ) to a customer with a sale price or $720 and cost of $510, FOB shipping . The order was shipped on December 30,2023 . J 8M has not included this inventory. c. Red Blazers (item #6193 ) were purchased and shipped from internationai Co. on December 30,2023, for $3,320, FOB shipping. The shipment arrived January 5,2024 , and the approprate party paid for the shipping charges of $340, Additionai costs were $230 for import duties and $64 for insurance during shipment. J\&M has not included thes inventory. d. At year-end, JSM is hoiding $5,168 of black pants (ttem #10824 ) on consignment for designer Duke Co. This inventory was inciuded in J\&M's inventory count and inventory ilsting e. On December 31, 2023, 12M shipped white shirts (item H4291) FOB destination cosung $1.030 to a customec The customer was. charged $1,400 and the customer recelved the goods on January 3,2024. J\&M has not inciuded this inventory Required: 1. In situations (a) to (e) determine whether inventory should be included or excluded in inventory at December 31,2023 . if the Inventory should be included, determine the correct inventory cost. (Do not leave any empty spaces; Input a o wherever it is 2. Determine the correct ending inventory value at December 31, 2023. Starting with the unadjusted inventory value or $76,500, ada or subtract any errors based on your analysis in Part. 1. Assume ail items that are not shown in the inventory listing are recorded. correctly
Hello guys
can you please help me.
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