On December 31, 2017, $550,000 of 11% bonds were issued. The market interest rate at the time of issuance was 9%. The bonds pay interest on June 30 and December 31 and mature in 12 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2017. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: 50 XS ? On December 31, Reed Company had an ending inventory of $80,300 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: (a) Inventory items with a cost of $3,740 were included in ending inventory. These goods were on consignment to Edwards Company. They had not yet been sold. (b) Inventory items with a cost of $2,160 were included in ending inventory. These goods were in transit from Martin Company to Reed Company and were purchased EOB shipping point (C) Inventory items with a cost of $2,120 were included in ending inventory. These goods were in transit from Phillips Company to Reed Company and were purchased FOB destination Required: Using the information given above, compute the correct final balance of Inventory. Correct ending inventory balance