Multiple Choice Question 48 As a result of a thorough physical inventory, Crane Company determined that it had inventory worth $320400 at December 31, 2016. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47900 on its sales floor that belong to Crane but are being sold on consignment by Walker. The selling price of these goods is $75200. Crane purchased $21100 of goods that were shipped on December 27, FOB destination, that will be recesved by Crane on January 3. Determine the correct amount of inventory that Crane should report $388300 O $340400. $368300 $320400