Homepage Northland Cor - O Northland Connect-Intermediate CH8Ex 2.7.1 8 27,13 + v conectaduation.com/low.conrechnetunut.http.A2P2fconnect medication.com Compage-income Tad /paamweb2Findechem.23.2fregit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indi Exercise 8-7 (Algo) Goods in transit; consignment (LO8-2] The December 2021 year and wentary base of the Ray $250.000 You been asked to review the following transactions to determine they have record 1 Good shipped to Raymond ob destination on December ved on January 2.2022. The invoice cost of $50,000 included in the preliminary in 2. At year end Raymond held $34000 of merchandise on content from the Company This merchandises included in the preliminary inventory balance 3. On December 29. merchandise S000 wapped to obh g o n arrived at the customer's location on January 3 2022. The chances arinduded in v entory baca At year and Raymond had merchandise costing $35.000 on Cognment with the Caporation. The merchandise is not included in the primary wentaryba Required: Determine the correct inventory amount to be reported in Raymond's 2021 bwance sheet Answer is complete but not entirely correct Type here to search