Kari Downs, an auditor with Wheeler CPAs, is performing a review of Vaughn Company's inventory account. Vaughn did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year- end was $749,000. 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 with a negative sign preceding the number, eg.-15,000, or parenthesis e.g. (15,000). Enter O if there is no effect.) Ending inventory-as reported 1. Included in the company's count were goods with a cost of $256,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Vaughn with a cost of $40,000 that were shipped FOB destination on December 28 and did not arrive at Vaughn warehouse until January 3. 3. Included in the inventory account was $11,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. 4. The company received an order on December 29 that was boxed and sitting on the loading dock awaiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB shipping point. The goods had a selling price of $40,000 and a cost of $28,000. The goods were not included in the count because they were sitting on the dock. 5. On December 29, Vaughn shipped goods with a selling price of $86,000 and a cost of $70,000 to Macchia Sales Corporation FOB shipping point. The goods arrived on January 3. Macchia had only ordered goods with a selling price of $15,000 and a cost of $8,000. However, a sales manager at Vaughn had authorized the shipment and said that if Machia wanted to ship the goods back next week, it could. 6. Included in the count was $48,000 of goods that were parts for a machine that the company no longer made. Given the high-tech nature of Vaughn's products, it was unlikely that these obsolete parts had any other use. However, management would prefer to keep them on the books at cost, "since that is what we paid for them, after all." Correct inventory $ $ Sunland Company had 100 units in beginning inventory at a total cost of $8,000. The company purchased 200 units at a total cost of $22,000. At the end of the year, Sunland had 72 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to O decimal places, e.g. 1,250.) The cost of the ending inventory The cost of goods sold $ FIFO $ LIFO $ SA $ Average-cost