In need of help understanding example 8.2

EL (LO 2) Excel (limentariable Goods and Costs) a u dit olla find that a physical investory on December 31, 2020, showed merchandise with a cost of hand at that date. You also discover the following items were all acaded from the same 1 Merchandise of So which is held by O n The cost Company 1 Merchandise which wassed by rafah destination to ber 31, 2030. The customerspected receive the merchandise on 1. Merchandise costing 54.00 which was she h as to be shpping point December 22, 2000. The customer was scheduled to resis the merchandise Merchandising 3,0 shipped by a vendo toh destination on December ceived by Oliva onary oped by a vendor 1.0.b. Shipping point on December 31, 20, and 5. Merchandise received by Oliva andise costing $51,000 shipped I d by Oliva on January 5, 2021. on calculate the amount that should appear on Oliva's hit Instructions Rased on the ab December 31 ) the above information, calcul ober 31, 2020, for inventory