On December 31, 2023, Jen \& Mink Clothing (J\&M) performed the inventory count and determined the year-end ending inventory value to be $85000. 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 ottention: a. On January 3, 2024, JBM recelved a shipment of 119 blue jackets, for $4,641 (item 7649 ). The inventory was purchased December 23,2023 , FOB destination from Global Threads. This inventory was included in J\&Ms inventory count and inventory listing. b. On December 29,2023 , J8M sold scarves (item \#5566) to o customer with a sale price of $890 and cost of $595, FOB shipping. The order was shipped on December 30, 2023. J8M has not included this inventory c. Red Blazers (item #6193 ) were purchased and shipped from International Co. on December 30, 2023, for \$3,490, FOB shipping. The shipment orrived January 5, 2024, and the oppropriate porty paid for the shipping charges of $510. Additional costs were $315 for import duties and $98 for insurance during shipment. J\&M has not included this inventory. d. At year-end, J\&M is holding $11.492 of black pants (item \#10824) on consignment for designer Duke Co. This inventory was included in J 8M 's inventory count and inventory listing. e. On December 31 2023, J8M shipped white shirts (item \#4291), FOB destination costing \$1,285 to o customer. The customer was charged $1,400 and the customer recelved the goods on January 3, 2024. JSM has not included this inventory. Required: 1. In situotions (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 inventory cost. (Do not leave any empty spaces; input a 0 wherever it is required.)