Multiple Choice Question 48 As a result of a thorough physical inventory, Sunland Company determined that it had inventory worth $321100 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $46900 on its sales floor that belong to Sunland but are being sold on consignment by Walker. The selling price of these goods is $74400. Sunland purchased $21600 of goods that were shipped on December 27, FOB destination, that will be received by Sunland on January 3. Determine the correct amount of inventory that Sunland should report.

$321100.

$342700.

$368000.

$389600.