On December 31, Bennett Company had an ending inventory of $111,500 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 $3,970 were excluded from ending inventory. These goods were on consignment from Campbell Company and had not yet been sold on December 31. (b) Inventory items with a cost of $3,220 were included in ending inventory. These goods were in transit from Bennett Company to Wilson Company and were sold FOB shipping_point. (c) Inventory items with a cost of $2,510 were excluded from ending inventory. These goods were in transit from Bennett Company to Walker Company and were sold FOB destination. Required: Using the information given above, compute the correct final balance of Inventory. Correct ending inventory balance: X $0 As

On December 31. Bennett Company had an ending inwentory of $111,500 based primarily on a physacal count at its warehouse. In computang the final batance of thyentory, the following information was aviatable: (a) Inventory items with a cost of $3,970 were excluded from ending inventory, These goods were on consianment from Campbell Company and had not yet been sold on December 31 . (b) Inventory items with a cost of $3,220 were included in ending inventery. These goods were in transit from Bennetr Company to Wilson Company and were sold eols stubion point. (c) Inventory items with a cost of $2,510 were excluded from ending irventocy. These poods were in transit from Bennett Company to Walker Compary and were sold cois destiontion. Mequired! Using the information given above, compute the currect final tolance of Inventory