On December 31, 2023, Jen & Mink Clothing (J&M) performed the inventory count and determined the year-end ending inventory value to be $76000. It is now January 8, 2024, and you have been asked to double-check the year-end inventory listing. J&M uses a perpetual inventory system. Note: Only relevant items are shown on the inventory listing. Jen & Mink Clothing Inventory Listing December 31, 2023 # Inventory Number Inventory Description Quantity (units) Unit Cost ($) Total Value ($) 1 7649 Blue jackets 101 21 2,121 2 10824 Black pants 302 16 4,832 ... ... Total Inventory $ 76,000 The following situations have been brought to your attention: On January 3, 2024, J&M received a shipment of 101 blue jackets, for $2,121 (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. On December 29, 2023, J&M sold scarves (Item #5566) to a customer with a sale price of $710 and cost of $505, FOB shipping. The order was shipped on December 30, 2023. J&M has not included this inventory. Red Blazers (Item #6193) were purchased and shipped from International Co. on December