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Kari Downs, an auditor with Wheeler CPAs, is performing a review of Coronado Company's inventory account. Coronado did no a good year, and top management

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Kari Downs, an auditor with Wheeler CPAs, is performing a review of Coronado Company's inventory account. Coronado did no a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance a end was $750,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter v negative sign preceding the number, e.g. 15,000, or parenthesis e.g. (15,000). Enter 0 if there is no effect.) Ending inventory-as reported 1. Included in the company's count were goods with a cost of $243,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Coronado with a cost of \$49.000 that were shipped FOB destination on December 28 and did not arrive at Kari Downs, an auditor with Wheeler CPAs, is performing a review of Coronado Company's inventory account. Coronado did no a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance a end was $750,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter v negative sign preceding the number, e.g. 15,000, or parenthesis e.g. (15,000). Enter 0 if there is no effect.) Ending inventory-as reported 1. Included in the company's count were goods with a cost of $243,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Coronado with a cost of \$49.000 that were shipped FOB destination on December 28 and did not arrive at

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