On December 31, 2023, Jen \& Mink Clothing (J\&M) performed the inventory count and determined the year-end ending inventory value to be $83500. It is now January 8,2024 , and you have been asked to double-check the year-end inventory listing. JMM 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, J8M received a shipment of 116 blue jackets, for $4,176 (item $7649 ). The inventory was purchased December 23, 2023. FOB destination from Global Threads. This inventory was included in J\&M's inventory count and inveritory listing. b. On December 29,2023,38M sold scarves (ltem #5566 ) to a customer with a sale price of $860 and cost of $580, FOB shipping. The order was shipped on December 30, 2023. J8M has not included this irventory. c. Red Blazers (ttem #6193 ) were purchased and shipped from International Co. on December 30, 2023, for $3,460,F0B shipping. The shipment arrived January 5, 2024, and the appropriate party paid for the shipping charges of $480. Additional costs were $300 for import duties and $92 for insurance during shipment. JQM has not included this inventory. d. At year-end, 3&M is hoiding $10,292 of black pants (item #10824 ) on consignment for designer Duke Co. This inventory was included in JeM's inventory count and irventory listing. e. On December 31, 2023, 18M shipped white shilts (ttem \#4291), FOB destination costing $1,240 to a customer. The customet was charged \$1,400 and the customer recelved the goods on January 3, 2024. JRM 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 16 inventory should be included, determine the correct inventory cost. (Do not leave ony empty spaces; input a 0 wherever it is required) Required: 1. In situations (a) to (c) determine whether inventory should be included or excluded in inventory at December 31,2023 . If the inventory should be included, detemine the correct inventory cost. (Do not leave any empty spaces; 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 $83,500, add or subtract any errors based on your analysis in Part. Assume all items that are not shown in the inventory listing are recorded correctly