On December 31,2023 , Jen \& Mink Clothing (J8M) performed the inventory count and determined the year-end ending inventory value to be $81500, 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 reficvant ifemis are shown on the inventory listing The following situations have been brought to your attention: 0. On January 3, 2024, 18M recelved a shipment of 112 blue jackets, for $3,584 (item 7649 ). The inventory was purchased Decentser 23,2023 , FOB destination from Global Theads. This inventory was induded in JiM Ms imventory count and inventory listing. b. On December 29, 2023, J8M sold scatves (item =5566 ) to a customer with a sale price of $820 and cost of $560, FOB shipping. The order was shipped on December 30,2023 . J8M has not included this inventory. c. Red Blazers (item z6193 ) were purchased and shipped from international Co on December 30, 2023, for 53,420 , Fo8 shipping. The shipment armed January 5,2024 , and the appropriate party paid for the shipping charges of $440 Additional costs were $280 for import duties and $84 for insurance during shipment JSM has not inciuded this inventory d. At year-end, 18M is holdeng $8.748 of black pants (ftem $10824 ) on consignment for designer. Duke Co. This inventory was inchided in 38M ' inventory count and inventory listing. e. On December 31,2023 , JSM shipped white shirts (item 4291. FOB destination costing $1180 to a customet. The customer was charped $1,400 and the customer recelved the goods on January 3,2024 J.M has not included this inventory. Required: 1. In situations (o) to (e) determine whether inventory should be included or excluded in inventory at December 31.2023 . If the inveritory should be included, determine the correct inventory cost. (Do not leave any empty spoces: input a o wherever it is required.) 2. Determine the correct ending inventory value at December 31,2023 . Starting with the unadjusted inventory value of 581,500 , add of subtract any errors based on your analysis in Part 1 . Assume all items that are not shawn in the inventory listing are recorded correctly