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MCSR Company provides the following data: Items counted in the warehouse 4,000,000 Items included in the count specifically segregated per sale contract 100,000 Items in

MCSR Company provides the following data:

Items counted in the warehouse

4,000,000

Items included in the count specifically segregated per sale contract

100,000

Items in receiving department, returned by customer, in good condition

50,000

Items ordered and in the receiving department

400,000

Items ordered, invoice received but goods not received. Freight is on account of seller

300,000

Items shipped today, invoice mailed, FOB shipping point

250,000

Items shipped today, invoice mailed, FOB destination

150,000

Items currently being used for window display

200,000

Items on counter for sale

800,000

Items in receiving department, refused because of damage

180,000

Items included in count, damage and unsalable

50,000

Items in the shipping department

250,000

What is the correct amount of inventory?

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