On December 31, Jackson Company had an ending inventory of $115,900 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 $2,020 were included in ending inventory. These goods were on consignment from James Company and had not yet been sold, on December 31. (b) Inventory items with a cost of $3,900 were included in ending inventory. These goods were in transit from Jackson Company to Thomas Company and were sold FOB shipping point. (c) Inventory items with a cost of $3,590 were included in ending inventory. These goods were in transit from Jackson Company to Lewis Company and were sold FOB destination. Required: Using the information given above, compute the correct final balance of Inventory. Correct ending inventory balance:

On December 31 , Jackson Company had an ending inventory of $115,900 based pramarily on a physical count at its warehouse. tn computing the final balance of inventory, the following information was avaliable: (a) Inventory items with a cost of $2,020 were included in ending inventory, These goods were on corwoument from James Company and had not yet been sold on December 31 . (b) Inventory items with a cost of \$3,900 were included in ending inventiory. These goods were in cransit from fackson company to Thiomas conparay and were sold folt thipbiog voint. (c) Imventory items with o cost of 53:590 were included in ending invertory. These goods were in transit from Jackscon compary to Lewis cornoany and were Required: Using the information given above, cornoute the correct final balance of tnventory. On December 31 . Jackson Company had an ending iffventory of $115,900 based primarily on a physical count at its warehouse. In computing the final balarke of leventory, the following information was avallable: (a) Imventory items with a cost of $2,020 were included in ending inventory. These goods were on consionment from James company and had not yet been sold on December 31 . (b) thventory items with a cost of $3,900 were included in ending inventary. These goods were in tra asit from lackson company to thomas Company and were sold fop shicoing point. (c) Inventory items with a cost of $3.590 were included in ending inventory. These goods were is transit from lacksoo campary to tewis Coinuany and were sold foe deftintoger Required: Usng the information given above, compute the correct final balance of Inventory