On December 31, 2023. Jen \& Mink Clothing (J\&M) performed the inventory count and determined the year-end ending inventory value to be $83000. It is now January 8,2024 , and you have been asked to double-check the year-end inventory listing J 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 Janiary 3, 2024, J\&M received a shipment of 115 blue jackets, for $4,025 (item \#7649). The inventory was purchased December 23, 2023, FOB destination from Giobal Threads. This inventory was induded in J\&M's inventory count and inventory listing. b. On December 29.2023, J8M sold scarves (ttem $5566 ) to a customer with a sale price of $850 and cost of $575. 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 $3.450. FOB shipping The shipment arrived January 5,2024 , and the appropriate party paid for the shipping charges of $470. Additional costs were $295 for import duties and $90 for insurance during shipment J\&M has not included this inventory d. At year-end, J8M is holding $9,900 of black pants (1/tm#10824) on consignment for designer Duke Co. This inventory was included in J8M 's inventory count and inventory listing e. On December 31, 2023, J\&M shipped white shits (item \#4291). FOB destination costing $1,225 to a customet The customier was. charged $1,400 and the customer recelved the goods on Januaty 3, 2024. J8M has not included this inventory. 1. In situations (a) to (e) determine whether inventory should be included or excluded in inventory at December 31.2023. If the Required: inventory should be included, determine the correct inventory cost. (Do not leave any empty spaces; input o 0 wherever it is required.) 2. Determine the correct ending inventory value at December 31, 2023. Starting with the unadjusted inventory value of 583000 , add of subtract any errors based on yout analysis in Part. Assume alf items that are not shown in the inventory listing are recorded correctly