On December 31, 2023, Jen \& Mink Clothing (J\&M) performed the inventory count and determined the year-end ending inventory value to be $78500. It is now January 8,2024 . and you have been asked to double-check the year-end inventory listing. J\&M uses a perpetual inventory system. Note: Only relevant items are shown on the inventory listing. The following situations have been brought to your attention: 0. On January 3.2024, J\&M recelved a shipment of 106 blue jackets, for $2.756 (ttem 27649 ). The inventory was purchased December 23, 2023, FOB destination from Global Threads. This inventory was included in J\&M's inventory count and inventory listing. b. On December 29. 2023, J8M sold scarves (ltem $5566 ) to a customer with a sale price of $760 and cost of $530. FOB shipping. The order was shipped on December 30, 2023. J\&M has not included this inventory. c. Red Blazers (tiem *6193) were purchased and shipped from Intemational Co, on December 30, 2023, for \$3,360, FOB shipping. The shipment artived January 5, 2024, and the appropriate party paid for the shipping charges of $380. Additional costs were $250 for import duties and \$72 for insurance during shipment. J8M has not included this inventory. d. At year-end, J8M is holding \$6,552 of black pants (ftem A10824) on consignment for designer Duke Co. This inventory was included in J8M 's inventory count and inventory listing. e. On December 31, 2023, J8M shipped white shirts (item 44291). FOE destination costing $1.090 to a customer. The customer was charged $1,400 and the customer recelved the goods on January 3, 2024. J8M has not included this inventory. Required: 1. In situations (a) to (e) determine whether inventory should be included or excluded in inventory at December 31, 2023. If the inventory should be included, determine the correct inventary cost. (Do not leave any empty spoces; input a 0 wherever it is inventory should be included, determine the correct inventory cost. (Do not leave any empty spoces; input a 0 wherever it is required.) 2. Determine the correct ending inventory value at December 31,2023 . Starting with the unadjusted inventory value of $78,500, add or subtract any errors based on your analysis in Part 1 . Assume all items that are not shown in the inventory listing are recorded correctly