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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