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Measurement of Ending Inventory The unadjusted inventory balance of Conway Corp. is $ 8 0 0 , 0 0 0 on December 3 1 ,
Measurement of Ending Inventory
The unadjusted inventory balance of Conway Corp. is $ on December based on a physical inventory count. Several items must be considered before the inventory valuation is finalized.
On December the physical inventory excluded $ of merchandise inventory shipped fob destination to Conway Corp. from a vendor. The inventory arrived on January of the following year.
On December the physical inventory included $ of merchandise held on consignment. The consignor is PackagingPlus Inc
On December the physical inventory excluded $ of merchandise inventory held on consignment by a customer Conway Corp. is the consignor. merchandise had not been recelved,
Merchandise with a cost of $ is held in the recelving department for return, but Conway still controls this inventory The merchandise was excluded from the physical inventory count
Required
Calculate the adiusted inventory balance on December
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