On December 31, Alexander Company had an ending inventory of $61,400 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: (a) Inventory items with a cost of $2,720 were included in ending inventory. These goods were on consignment from Clark Company and had not yet been sold on December 31. (b) Inventory items with a cost of $2,770 were excluded from ending inventory. These goods were in transit from Alexander Company to Baker Company and were sold FOB shipping point (c) Inventory items with a cost of $3,930 were included in ending inventory. These goods were in transit from Scott Company to Alexander Company and were purchased FOB destination Required Using the information given above, compute the correct final balance of Inventory. Correct ending inventory balance Undo H Clear Help Next >>