How many units should be included in Bartleby Graduate Co.'s inventory at December 31, 2020?

 

The management of Bartleby Graduate Co. has engaged you to assist in the preparation of year-end (December 31) financial statements. You are told that on November 30, the correct inventory level was 145,730 units. During the month of December, sales totaled 138,630 units including 40,000 units shipped on consignment to Course Hero Certification Corp. A letter received from Course Hero indicates that as of December 31, it has sold 11,000 units and was still trying to sell the remainder. A review of the December purchase orders to various suppliers shows the following. Bartleby Graduate Co. uses the "passing of legal title" for inventory recognition. Purchase Date Shipped Terms Invoice Quantity Order Date Date in Units 12/31/20 01/02/21 4,200 01/02/21 01/05/21 FOB Destination 12/05/20 01/02/21 3,600 12/17/20 12/22/20 FOB Destination 12/06/20 01/03/21 7,900 01/05/21 01/07/21 FOB Shipping Point 12/18/20 12/20/20 8,000 12/29/20 01/02/21 FOB Shipping Point 12/22/20 01/05/21 4,600 01/04/21 01/06/21 FOB Destination 12/27/20 01/07/21 3,500 01/05/21 01/07/21 FOB Destination Date Received Re